USD/CHF MT: under pressure.

Trading Central 2021-01-14 16:40:08

Pivot: 0.9300

Our preference: short positions below 0.9300 with targets at 0.8700 & 0.8500 in extension.

Alternative scenario: above 0.9300 look for further upside with 0.9600 & 0.9900 as targets.

Comment: The pair is capped by its declining 50-week moving average.

Supports and resistances:

0.9900

0.9600

0.9300

0.8873 Last

0.8700

0.8500

0.8270

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

6 Reasons To Open An Account

Multi-language 24/7 professional support

Fast, convenient fund and withdrawals

Free demo account $10,000

International recognition

Real-time quotes with push notification

Professional market analysis broadcast