(0,9210) The USD/CHF failed to confirm a rebound extending instead its drop toward 0,9200 where it is finding some support for now. Only a break below 0,9130 will confirm lower levels suggesting at that point even a new 0,9000 undershooting, move that would again put under pressure the EUR/CHF cross! 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. In the s/t only a move above 0,9235 confirmed by an hourly closing will postpone further direct weakness supporting a rebound with the 200 hours line at 0,9290 the attraction!! We got stopped out and stay on the sideline for now
Read the full report: USDCHF 08.08
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