U.S. Markets open in 2 hrs 18 mins

USD/CHF Flirting with Important Lows

Jamie Saettele, CMT


eliottWaves_usd-chf_body_usdchf.png, USD/CHF Flirting with Important Lows

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: There are still few signs of a turn in this market. The line that connects the 2012 and 2013 lows is at about .9090 in the event that the June low is broken. Current pattern remains similar to December 2012-February 2013 (circled). Whether the pattern holds or the USDCHF falls apart remains to be seen.

FOREXTrading Strategy: Flat

LEVELS: .9021 .9073 .9146 .9230 .9287 .9312

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.