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Swiss Franc Long Term Resistance (USDCHF Support)

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21

Commentary: The decline from 1.1894 appears to be in a 5th wave, which is unfolding as a diagonal. Under this interpretation, price is likely to fall a bit more, but in a choppy manner before a bottom and reversal.

Worth noting is that the pair is at long term support (the 1995 low is at 1.1172 and the December 2004 low is at 1.1286.

Strategy: Flat

上一篇：Canadian Dollar Correcting 下一篇：Euro In 5th Towards 1.5000

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