(17 AUGUST 2018)USD/CHF:Bullish bias above 0.9945.

(17 AUGUST 2018)USD/CHF:Bullish bias above 0.9945.

17 August 2018, 09:44
Jiming Huang
0
47

chf

Pivot (invalidation): 0.9945

Our preference

Long positions above 0.9945 with targets at 0.9985 & 1.0010 in extension.

Alternative scenario

Below 0.9945 look for further downside with 0.9915 & 0.9895 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL) 

Share it with friends: