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Chart of the Day: Usd/Chf Daily Chart Outlook

 

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Chart of the Day:

Usd/Chf

Swissy traded sharply higher, after the 0.9915 lows were reached at the end of 2009. From that low, the market created an impulse black wave A)/ I), and corrective wave B)/II) that has found the lows just above 1.0100 zone over the past two weeks. Once that low was hit, the market became very bullish, which is a move of long black wave C)/III) leg that is trading towards the first target at the 1.0700 zone.

TheLFB Charting: Usd/Chf daily view 

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Disclosure: Long Usd