The pair continues to establish new record lows week after week and the recent develpments in the US will probably confirm the overall bearish trend.
We expect a sharp decline of the USD/CHF at the beginning of the week with a possible US Dollar sell-off. There is obviously no target available and we think it is not necessarily the good time to enter a short position.
We will keep a close eye on the coming developments. We don’t consider any bullish scenario for the time being.
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