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USD/CHF Remains Bearish Below .8920

USD/CHF Remains Bearish Below .8920

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Remains Bearish Below .8920

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Monday’s inside day raises the possibility that Friday was exhaustive. Still, USDCHF needs to trade above .8929 in order to suggest that the path is higher.

-Possible from the next chart level is the October 2011 low at .8566.

LEVELS: .8566 .8700 .8755 | .8804 .8838 .8872

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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