(16 AUGUST 2018)USD/CHF:Under pressure.

(16 AUGUST 2018)USD/CHF:Under pressure.

16 August 2018, 09:50
Jiming Huang
0
56

chf

Pivot (invalidation): 0.9955

Our preference

Short positions below 0.9955 with targets at 0.9915 & 0.9895 in extension.

Alternative scenario

Above 0.9955 look for further upside with 0.9975 & 0.9995 as targets.

Comment

As Long as 0.9955 is resistance, look for choppy price action with a bearish bias

(By Swissquote TRADING CENTRAL) 

Share it with friends: