(21 FEBRUARY 2019)USD/CHF:The bias remains bullish.

Pivot (invalidation): 0.9990

Our preference

Long positions above 0.9990 with targets at 1.0020 & 1.0035 in extension.

Alternative scenario

Below 0.9990 look for further downside with 0.9980 & 0.9970 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)