Sunday, June 19, 2011

USD/CHF ~ Update ~ 19 June 2011

The pattern continues:

As already mentioned mid May the pattern is always the same: new low - retest old low - new low - etc.

So as long as this continues, i.e. we don't rally above 86ish, the trend is clearly down. The down waves measured about 600 to 800 pips thus the next wave could bring the USD/CHF to below 0.80!