Pivot point: 0.9150 .
The expected scenario: Entering long positions at the highest levels of 0.9150, targeting the levels of 0.9300.
Alternative scenario: entering short deals below the 0.9150 levels, targeting the 0.9010 levels.
Commentary: The dollar-franc pair witnessed a change in the general bearish trend, after the breach of the descending price channel, and the rise to the upside, to witness a correction wave to the bottom, and a retest of the 0.9150 levels. And then returning and completing the bullish phase and targeting the 0.9300 levels, so the current levels are a good point to enter short-term buying deals, especially in light of the price’s penetration of the moving averages (50-100), which confirms the positive outlook for the pair’s short-term trading.
