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USD/CHF Intraday: the downside prevails.

2024-03-08
261

Pivot: 0.8780

Our preference: short positions below 0.8780 with targets at 0.8755 & 0.8740 in extension.

Alternative scenario: above 0.8780 look for further upside with 0.8800 & 0.8815 as targets.

Comment: as long as 0.8780 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

0.8815

0.8800

0.8780

0.8763 Last

0.8755

0.8740

0.8725

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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