(0,9251) The USD/CHF confirmed another weak closing last night suggesting further weakness, especially while below the 200 days channel lines. A daily closing below 0,9225 will confirm an extension of the decline! The indicators of the daily chart are still well negative and at the moment also those of the s/t ones are below the line supporting further weakness. Still only a move above 0,9400 will postpone further weakness favouring higher levels. While below the 200 hours line at 0,9297 we expect a firm retest of the 0,9230 level and probably also a break of it!! We try staying long with the stop still at 0,9218!
Read the full report: USDCHF 08.07
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