USD/CHF Slides Down Trendline; .9091 of Interest as Support

Jamie Saettele, CMT

Daily

eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Slides Down Trendline; .9091 of Interest as Support
eliottWaves_usd-chf_body_Picture_4.png, USD/CHF Slides Down Trendline; .9091 of Interest as Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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


-USDCHF pullback is testing the topside of the recently broken trendline.


-The 11/4 low at .9091 is possible support for a low.


-Keep in mind that the first day of the month remains the low for the month at .9064.


Trading Strategy: We are in the right place for a low but don’t have a setup just yet.


LEVELS: .9007 .9044 .9091 | .9153 .9190 .9249

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.