USD/CHF (a 4 hour chart)
Swiss Franc returned most of the ground it had lost the other day. The unexpectedly weak the USA retail sales pressured the dollar. In July, the main figure was 0.0% vs. 0.2% and 0.2% in June. The retail sales excluding autos rose 0.1% against 0.4%.
The price is finding the first support at 0.9060, the next one is at 0.9030. The price is finding the resistance at 0.9090, the next one is at 0.9130.
There is a confirmed and weak sell signal. The price is in the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement.
The MACD indicator is in a negative territory. The price is correcting downwards.
We recommend short positions with the first target - 0.9030. The second target is the level 0.9000.