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USDCHF Bouncing from Trendline

USDCHF Bouncing from Trendline

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF Bouncing from Trendline

Prepared by Jamie Saettele, CMT

The USDCHF is in the same position as the EURUSD. A bearish triangle should be considered at this point, especially since the trendline that extends off of the January and March highs has held. A drop under 8930 exposes 8760 and 8566. 9100 and 9140 are resistance.

Bottom Line (next 5 days) – ?

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