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USD/CHF Trades into December Low; Decision Time Again

USD/CHF Trades into December Low; Decision Time Again

2014-03-19 00:45:00
Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Trades into December Low; Decision Time Again

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-USDCHF has traded into mid-December lows. The market does remain capped by a trendline but exceeding .8895 would indicate an ‘in month’ reversal. Even if a low is in place, there are better trades than USDCHF.

-The next chart level on the downside is the October 2011 low at .8566.

LEVELS: .8698 .8744 .8769 | .8855 .8902 .8939

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

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