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Forex pairs in this Article » USD/CHF

eliottWaves_usd-chf_body_usdchf.png, USD/CHF Inside Day at Fibonacci LevelChart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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FOREXAnalysis: Other than an inside day on Tuesday, there is nothing else to note. “On Monday, price tested the 61.8% retracement of the range for the year along with a short term downward sloping trendline. The 61.8% extension of the decline from .9838 and subsequent swing higher is at .9313. High volume areas to keep in mind for formation of a low are .9291 and .9217.”

FOREXTrading Strategy: Flat

LEVELS: .9220 .9291 .9312 .9407 .9454 .9533

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