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USD/CHF Tags Topside of former Trendline; .9090 Possibly Strong Support

USD/CHF Tags Topside of former Trendline; .9090 Possibly Strong Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Tags Topside of former Trendline; .9090 Possibly Strong Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-USDCHF pullback is testing the topside of the recently broken trendline.

-The 11/4 low at .9091 is possible support for a low.

-Keep in mind that the first day of the month remains the low for the month at .9064.

Trading Strategy: We are in the right place for a low but don’t have a setup just yet.

LEVELS: .9007 .9044 .9091 | .9153 .9190 .9249

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

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