(11 DECEMBER 2018)USD/CHF:Bullish bias above 0.9880.

(11 DECEMBER 2018)USD/CHF:Bullish bias above 0.9880.

11 December 2018, 08:59
Jiming Huang
0
63

chf

Pivot (invalidation): 0.9880

Our preference

Long positions above 0.9880 with targets at 0.9905 & 0.9920 in extension.

Alternative scenario

Below 0.9880 look for further downside with 0.9865 & 0.9850 as targets.

Comment

A support base at 0.9880 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 

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