USD/CHF Little Changed after Carving Large Outside Day
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 9149 would warrant a bearish breakout strategy against 9117.
LEVELS: 8885 8931 9021 9122 9192 9226