(20 JULY 2018)USD/CHF:Key resistance at 1.0005.

(20 JULY 2018)USD/CHF:Key resistance at 1.0005.

20 July 2018, 09:55
Jiming Huang
0
51

chf

Pivot (invalidation): 1.0005

Our preference

Short positions below 1.0005 with targets at 0.9975 & 0.9960 in extension.

Alternative scenario

Above 1.0005 look for further upside with 1.0025 & 1.0045 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.0005.

(By Swissquote TRADING CENTRAL) 

Share it with friends: