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Weekly US Dollar Fundamental Forecast: All Eyes on January Fed Meeting
2021-01-23 18:00:00
Euro Weekly Technical Outlook: EUR/USD May Dip More Before Finding Support
2021-01-23 04:00:00
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Gold and Crude Oil Prices Watching the US Dollar as the Weekend Nears
2021-01-22 06:00:00
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Why a Rise in Retail Trading May Signal Another Mania
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Weekly US Dollar Fundamental Forecast: All Eyes on January Fed Meeting
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2021-01-22 16:00:00
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Weekly US Dollar Fundamental Forecast: All Eyes on January Fed Meeting
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USD/CHF Breakout is Valid above Thursday Low

USD/CHF Breakout is Valid above Thursday Low

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USD/CHF Breakout is Valid above Thursday Low

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: The USDCHF took out the trendine that extends off of the November and January highs with authority. Technically, the breakout is valid as long as price is above Thursday’s low but the confluence of Fibonacci resistance and the January high is unlikely to give way easily. Don’t be surprised to see sideways trading similar to Tuesday and Wednesday for at least the next few days.

FOREXTrading Strategy: Flat

LEVELS: 9257 9280 9335 9388 9458 9512

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

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