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USD/CHF Inches Towards Reaction Zone

USD/CHF Inches Towards Reaction Zone

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Inches Towards Reaction Zone

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Use .8930 as a swing pivot for USDCHF. In other words, price needs to exceed .8930 in order to negate downside bearish implications from the break.

-Near term, .8745 is possible support ahead of the lows.

LEVELS: .8745 .8786 .8820 | .8878 .8902 .8939

--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.

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