USDCHF Test of 9000 May Produce a Low
240 Minute Bars
Prepared by Jamie Saettele, CMT
As is the case with the EURUSD, it is possible that the rally from 8930 and decline from 9334 composes waves 1 and 2 of the next larger bull leg but it is best to wait until next week before attempting longs (for the same reasons mentioned in the EURUSD commentary). 9135 is the pivot and a dip below 9015 (and test of 9000) may complete the decline.
Bottom Line (next 5 days) – sideways/higher?
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