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USD/CHF Within Monday’s Range but Holding Former Trendline

USD/CHF Within Monday’s Range but Holding Former Trendline

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-chf_body_usdchf.png, USD/CHF Within Monday’s Range but Holding Former Trendline

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: CHF is quiet here – nothing new to note. “On Monday, price tested the 61.8% retracement of the range for the year along with a short term downward sloping trendline. The 61.8% extension of the decline from .9838 and subsequent swing higher is at .9313. High volume areas to keep in mind for formation of a low are .9291 and .9217.”

FOREXTrading Strategy: Flat

LEVELS: .9220 .9291 .9312 .9407 .9454 .9533

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

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