Swiss Franc at All-Time Low
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21
Commentary: The USDCHF is in a 5th wave (like the EURUSD) but is coming close to a short term bottom. Within the 5 wave bearish cycle from 1.1894, wave 5 would equal wave 1 at 1.1004 (psychological round number as well).
We noted yesterday that the pair is at long term support also, with the 1995 low at 1.1172 and the 2004 low at 1.1286.
Strategy: Flat
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