USDCHF trading idea for the coming week of 26 Aug 2019

USDCHF had a major sell-off during Friday due to retaliatory trade war action from both China and Trump.

Since there is no hope of any improvement on these fronts in the next week, there is no reason to believe that a reversal to the upside is possible at this time. Therefore, correction towards the resistance around 0.97754 is an area we can look to go short on this pair.

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Disclaimer: Our analysis and forecasts given on this website are just our point of view about the market. It is not a trading signal or investment advice. 

Amir is a graduate in International Economics. He has been active in the financial markets since 2014.

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