Overall view of USDCHF - Update of June 24th week
Updated
Previous view: Support zone was broken downward, confirming the bearish trend after 3 attempts. We were likely to test the low of the year @0.97200.
Actual view: We tested the low of the year and odds of a bear continuation remain high.
Possible targets: @0.96500 (+60pips) and @0.95500 (+170pips).
Advice: Stay bearish and sell at any highpoint while we don't break the support zone or 0.98000 top level.
Actual view: We tested the low of the year and odds of a bear continuation remain high.
Possible targets: @0.96500 (+60pips) and @0.95500 (+170pips).
Advice: Stay bearish and sell at any highpoint while we don't break the support zone or 0.98000 top level.
Comment
The contract bounced back from this year's low, increasing the chances of a reversal. You can stay steady or still sell at high points until a reversal confirmation.Comment
The reversal couldn't be confirmed due to a rejection on the 0.98000 level. Bears keep pushing prices down.Disclaimer
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