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Major resistance - 1.01250
The pair has once again declined after hitting high of 1.01200 almost like double top.It has lost nearly 25 pips from intraday high of 1.01196 level. The slight bullishness is Swiss franc was mainly due to trade war escalation. US President Trump has blacklisted Chinese telecom major Huawei last week but US eased temporarily some restrictions on Monday. But ongoing trade war is slightly supporting safe haven assets like yen, Swiss franc .USDCHF hits high of 1.01209 yesterday and is currently trading around 1.00975.
On the lower side, near term support is around 1.00750 and any violation below will drag the pair till 1.00435/1.000.
The major resistance is around 1.0125 and pair is struggling to break convincingly above that level. Any break above confirms major bullishness and a jump till 1.0175/1.0235.
It is good to sell on rallies around 1.0115-20 with SL around 1.0175 for the TP of 1.00435/1.000.
