Daily Insights Report 25/07/2017

Pivot: 1.1685

Our preference: short positions below 1.1685 with targets at 1.1615 & 1.1585 in extension.

Alternative scenario: above 1.1685 look for further upside with 1.1730 & 1.1735 as targets.

Comment: the RSI lacks upward momentum.

Pivot: 110.85

Our preference: long positions above 110.85 with targets at 111.45 & 111.80 in extension.

Alternative scenario: below 110.85 look for further downside with 110.60 & 110.35 as targets.

Comment: the RSI is bullish and calls for further upside.

Pivot: 1.3010

Our preference: long positions above 1.3010 with targets at 1.3055 & 1.3085 in extension.

Alternative scenario: below 1.3010 look for further downside with 1.2985 & 1.2960 as targets.

Comment: a support base at 1.3010 has formed and has allowed for a temporary stabilisation.

USD/CHF Intraday: turning up.