Upside momentum in the USDCHF is strong. The pair has held trendline support. The line is unorthodox in that it connects 2nd waves at multiple degrees of trend. 11026-11091 is a target area. Former resistance at 10647 is potential support.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum. He is the author of [I]Sentiment in the Forex Market[/I]. Follow his intraday market commentary and trades at DailyFX Forex Stream. Send requests to receive his reports via email to [email protected].