(31 JULY 2018)USD/CHF:The downside prevails.

(31 JULY 2018)USD/CHF:The downside prevails.

31 July 2018, 09:11
Jiming Huang
0
58

chf

Pivot (invalidation): 0.9900

Our preference

Short positions below 0.9900 with targets at 0.9860 & 0.9840 in extension.

Alternative scenario

Above 0.9900 look for further upside with 0.9915 & 0.9935 as targets.

Comment

The break below 0.9900 is a negative signal that has opened a path to 0.9860

(By Swissquote TRADING CENTRAL) 

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