(20 FEBRUARY 2019)USD/CHF:The downside prevails.

(20 FEBRUARY 2019)USD/CHF:The downside prevails.

20 February 2019, 09:10
Jiming Huang
0
52

chf

Pivot (invalidation): 1.0035

Our preference

Short positions below 1.0035 with targets at 0.9990 & 0.9970 in extension.

Alternative scenario

Above 1.0035 look for further upside with 1.0060 & 1.0080 as targets.

Comment

As Long as the resistance at 1.0035 is not surpassed, the risk of the break below 0.9990

remains high. 

(By Swissquote TRADING CENTRAL)