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USDCHF Slices Through June Low

USDCHF Slices Through June Low

2012-09-11 23:58:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF Slices Through June Low

Prepared by Jamie Saettele, CMT

Monthly opening range implications and the large range day on 9/7 warrant a bearish bias against 9608 and 9580. The trend is down towards the gap from May at 9184. Near term, selling into support (5/21 low) is never a good idea. A pop into 9485 would present a short opportunity.

LEVELS: 9301 9334 9367 9435 9485 9500

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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