(29 JULY 2019)USD/CHF:Look for 0.9895.

Pivot (invalidation): 0.9945

Our preference

Short positions below 0.9945 with targets at 0.9910 & 0.9895 in extension.

Alternative scenario

Above 0.9945 look for further upside with 0.9960 & 0.9980 as targets.

Comment

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

limited

(By Swissquote TRADING CENTRAL)