Major resistance - 0.9860
USDCHF has formed a temporary bottom around 0.9660 and jumped sharply on short-covering and a slight easing of US-China trade tension. US and China are planning to revive trade talks Donald's Trump chief economic advisor said on Sunday. The US commerce department has granted a 90 -day trade extension to Huawei. The slight easing has reduced demand for Safe-haven assets like yen and Swiss franc. Markets eye US Fed meeting minutes which is to happen on Wednesday for further direction. The pair hits high of 0.98210 and is currently trading around 0.97928.
US dollar index trades higher and is holding above 98 levels. In the short term, it is expected to reach 98.93 high made on Aug 1st, 2019.
On the higher side, near term resistance is around 0.9820 and any convincing break above will take the pair till 0.9865/0.9900. The major trend reversal only above 0.9980.
The near term support is around 0.9770 and any violation below will drag the pair to the next level till 0.9720/0.9690. Any major weakness below 0.9660.
It is good to buy on dips around 0.9770 with SL around 0.9740 for the TP of 0.9900.


FxWirePro- Major European Indices
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: GBP/NZD reverses course, bias back to downside
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro: GBP/USD stuck in range but maintains bearish bias
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro- Major Pair levels and bias summary 



