Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-“Given this long term chart, USD/CHF is in trouble on a break below .9440. The last daily update noted that “the key reversal on 7/27 and subsequent follow through suggests that USD/CHF is vulnerable.” I wrote last wek to “pay attention to .9540/50 (now!). Weakness below here would signal the break of a 5 year trendline.” The 5 year trendline held which at least delays the immediate breakdown scenario. Keep .9688 (month open) in mind for resistance.
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk
original source
