(23 JULY 2018)USD/CHF:Under pressure.

(23 JULY 2018)USD/CHF:Under pressure.

23 July 2018, 14:56
Jiming Huang
0
47

chf

Pivot (invalidation): 0.9950

Our preference

Short positions below 0.9950 with targets at 0.9890 & 0.9870 in extension.

Alternative scenario

Above 0.9950 look for further upside with 0.9975 & 1.0005 as targets.

Comment

The break below 0.9950 is a negative signal that has opened a path to 0.9890.

(By Swissquote TRADING CENTRAL) 

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