(12 AUGUST 2019)USD/CHF:Under pressure.

(12 AUGUST 2019)USD/CHF:Under pressure.

12 August 2019, 09:29
Jiming Huang
0
50

chf

Pivot
 (invalidation): 0.9740
Our preference
Short positions below 0.9740 with targets at 0.9705 & 0.9690 in extension.
Alternative scenario
Above 0.9740 look for further upside with 0.9760 & 0.9785 as targets.
Comment
As Long as 0.9740 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL)

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