Wednesday, February 15, 2017

Swiss Franc (update)

The March contract is now trading in my support zone (9775-9915), so it's time to look for a possible bottom.  The first nice pocket of support is @ 9872-9885.  The second pocket is @ 9840-9860 and the third pocket, which I really like, is @ 9808-9831.  RSI is still not showing bullish divergence and there's really no other supporting clues yet.  But, the S1 pivot @ 9841 and the 78% retracement level @ 9812 are key areas to watch.


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