(27 AUGUST 2018)USD/CHF:The downside prevails.

Pivot (invalidation): 0.9840

Our preference

Short positions below 0.9840 with targets at 0.9805 & 0.9785 in extension.

Alternative scenario

Above 0.9840 look for further upside with 0.9865 & 0.9890 as targets.

Comment

The RSI is mixed to bearish.