(07 AUGUST 2018)EUR/CHF:Bullish bias above 1.1505.

Pivot (invalidation): 1.1505

Our preference

Long positions above 1.1505 with targets at 1.1530 & 1.1545 in extension.

Alternative scenario

Below 1.1505 look for further downside with 1.1490 & 1.1480 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)