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Forex pairs in this Article » USD/CHF
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eliottWaves_usd-chf_body_usdchf.png, USD/CHF Fibonacci Level of Interest at .9367Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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FOREXAnalysis: The USDCHF traded below the 7/11 low on Tuesday. This is interesting because the EURUSD has yet to trade above its 7/11 high (1.3205). That could change of course but as long as the EURUSD is below 1.3205, a divergence that has marked many turns in recent months is in place. Specific to USDCHF, watch for support from .9260 to .9280 (61.8% retracement is at .9367).



FOREXTrading Strategy: We are in the right area to look for a low but the closest tradeable low isn’t until .9129.

LEVELS: .9217 .9291 .9367 .9451 .9498 .9533

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