USD/CHF Meanders at Trend Highs
01 Dec 2015 18:39, GMTDaily
Chart Prepared by Jamie Saettele, CMT
Automate trades with Mirror Trader and see ideas on other USD crosses
-USD/CHF pullbacks are becoming shallower. Such developments indicate a strong trend but also warn of complacency and the risk of a washout before the trend can resume. As noted previously, “USD/CHF has broken out from a 7+ month triangle. The triangle breakout objective is 1.1182.”
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.