Overall view of USDCHF - Update of June 24th week

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.

הערה:

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.

הערה:

The reversal couldn't be confirmed due to a rejection on the 0.98000 level. Bears keep pushing prices down.