USD/CHF maintains mildly bearish stance

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
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Pair's Outlook

Pair has recovered some of the yesterdays losses as weekly S1 might be providing good enough initial support. However, as short and medium term technicals suggest, pair is likely to continue slowly depreciating with some minor bullish rallies long the way. 6 month low at 0.912 could be the first target when to expect for a reversal.

Traders' Sentiment

Despite the recent bearish attack it seems that bears have given up since they continue to hold 31% of all open positions. In addition to this share of pending long orders increased by 3% and is at 71% gauge.

© Dukascopy Bank SA

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