(24 JULY 2020)USD/CHF The downside prevails.

(24 JULY 2020)USD/CHF The downside prevails.

24 July 2020, 09:08
Jiming Huang
0
74

ch
Pivot
 (invalidation): 0.9265
Our preference
Short positions below 0.9265 with targets at 0.9220 & 0.9200 in extension.
Alternative scenario
Above 0.9265 look for further upside with 0.9285 & 0.9300 as targets.
Comment
As Long as the resistance at 0.9265 is not surpassed, the risk of the break below 0.9220
remains high.

(By Swissquote TRADING CENTRAL)