Possible Reversal Patterns in Swiss Franc, Euro, and Dollar Index

There are a few potential reversal set-ups taking shape in the Swiss Franc, Euro, and Dollar Index.  I will give my initial analysis on the June contract, but ultimately would probably play out on the September contract.  First, the Swiss Franc shows a possible topping zone between 1.0540 and 1.0818 with a potential sweet spot in the 1.0727 to 1.0818 area.  The dominant and supporting1 measured moves both have deep retracements, which signals a weak uptrend.  If a reversal happens in my resistance zone, then I would expect at least a 50 pct retracement.  The most recent leg up, off the 5/11 low, will have a supershallow breakout with a move above 1.0335.  That is very bullish and could be the trigger to drive prices up into my resistance zone.  However, any bearish trades will need more supporting data.  On the flip side, you could also play into the possible upside breakout.  Entry would be above 1.0335 with stops below 1.0208.  Upside target would be at the low of my resistance zone ~ 1.0540.

Second, the Euro shows a possible topping zone between 1.14336 and 1.18704.  The dominant and supporting1 measured moves both have deep retracements, which signals a weak uptrend.  If a reversal happens in my resistance zone, then I would expect at least a 50 pct retracement.  The most recent leg up, off the 4/10 low, shows a shallow MM along with another possible shallow MM.  This is very bullish and could drive prices up into the upper end of my resistance zone.  Any bearish trades will need more supporting data.

Finally, the Dollar Index shows a possible bottoming zone between 94.471 and 93.082.  The dominant and supporting1 measured moves both have medium deep retracements or worse, which signals a weak downtrend.  If a reversal happens in my support zone, then I would expect at least a 50 pct retracement.  The most recent leg down, off the 4/10 high, shows a neutral MM along with another possible supershallow MM.  This is bullish and could drive prices down into the lower end of my resistance zone.  Any bullish trades will need more supporting data.