Pivot point: 0.9220 .
The preferred scenario: Entering short positions at the lowest levels of 0.9220, targeting the levels of 0.9170 and then 0.9140 .
The alternative scenario: Entering long positions in the event of price stability above the 0.9220 levels, targeting the 0.9290 levels.
Commentary: The dollar-franc pair witnessed a change in the general upward trend, to start recording a descending wave by forming a descending price channel, and after the price rose within the corrective wave and failed The price is in breaching the supply areas at 0.9250, so it is expected that the price will return to complete the descending wave and target the levels mentioned above, especially in light of the price breaking the moving averages (50 - 100), and the intersection of the 50 average below the 100 average, in a confirmatory sign that there are more declines On the short term.
