USD/CHF Trades into December Low; Decision Time Again
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-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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