(06 AUGUST 2018)EUR/CHF:Key resistance at 1.1520.

(06 AUGUST 2018)EUR/CHF:Key resistance at 1.1520.

6 August 2018, 10:05
Jiming Huang
0
55

ec

Pivot (invalidation): 1.1520

Our preference

Short positions below 1.1520 with targets at 1.1490 & 1.1475 in extension.

Alternative scenario

Above 1.1520 look for further upside with 1.1540 & 1.1560 as targets.

Comment

As Long as the resistance at 1.1520 is not surpassed, the risk of the break below 1.1490

remains high. 

(By Swissquote TRADING CENTRAL)