Preferred direction: SELL Comment: The US dollar has started a long-awaited correction, but the franc and a number of other major currencies have so far kept away from growth. One such currency is the franc. Here, we continue to adhere to sell-priority. The focus is on the sport resistance level at 0.91424 to which the price is currently stuck. Main scenario №1 assumes a slight movement above this level as part of a false movement before a fall, where the target for sales is the level of 0.90108. Scenario №2 is unlikely, but we do not exclude it since there is a number of important data coming up that could immediately increase volatility in favor of the US dollar.
Additional comments on this trade will be provided as situation changes. Follow us!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.