USD/CHF above .9080 Could Trigger 100 Point Rally
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-The line that extends off of the 2012 and February lows was broken last week. The underside of this level was resistance on Friday.
-Levels to pay attention to if the floor opens up…the 2012 low at .8930, 38.2% of the rally from 2011 low at .8862, and the October 2011 low at .8567.
-Exceeding .9080 would confirm a short term low and target a measured move to .9196.
Trading Strategy: Price is vulnerable below .9080. Above there would shift focus to .9145-.9214.
LEVELS: .8862 .8930 .8993 | .9080 .9145 .9175
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