USD/CHF Analysis (August 7)

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.