USD/CHF ST: capped by a negative trend line.

USDCHF

Trading Central 2021-01-13 16:54:06

Pivot: 0.9000

Our preference: short positions below 0.9000 with targets at 0.8750 & 0.8640 in extension.

Alternative scenario: above 0.9000 look for further upside with 0.9085 & 0.9185 as targets.

Comment: as long as the resistance at 0.9000 is not surpassed, the risk of the break below 0.8750 remains high.

Supports and resistances:

0.9185 **

0.9085 **

0.9000 ***

0.8872 Last

0.8750 **

0.8640 **

0.8500 **

Disclaimer

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