USD/CHF Analysis (July 31)

After a consolidation above the psychologival 0,80 support, the pair has confirmed its bearish trend with a new fresh low at 0,7850 on friday.
Considering the strong momentum and latest price actions, we will stay on the sidelines until we get a good opportunity.
We won’t consider any long position as long as the market remains below 0,80. A break above this former support would allow a corrective move towards 0,82 (daily 20 moving average).