USD/CHF Hanging on the Edge of the Cliff
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The USDCHF has been a nightmare so far in 2013. After rallying sharply for most of January, price plunged last week and actually ended the month lower. Price has entered a critical zone defined by the February, April and May 2012 lows.
FOREXTrading Strategy: A drop below 9021 WHILE remaining below 9117 would warrant a bearish breakout strategy against 9117.
LEVELS: 8885 8931 9021 9122 9192 9226
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.