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- USD/CHF intraday bias is still neutral as long as support 0.95279 low made on yesterday holds. The pair jumped slightly till 0.95929 and declined sharply from the yesterday high. It has broken low of 0.95279 and declined till 0.95160 at the time of writing. It is currently trading around 0.95290.
- Market trades in tight range and any further direction can be seen only after ECB meeting today. Any break above 0.9630 or below 0.95160 low made today confirms exact trend.
- Any break below 0.95160 will drag the pair down till 0.94285/0.9345. The near term resistance is around 0.9560 and any break above will take the pair to next level till 0.9595/0.9630. Break above 0.9630 targets 0.9680/0.9700.
It is good to go long above 0.95930 with SL around 0.9540 for the TP of 0.9680/0.9700
Or Sell around 0.95160-0.9520 with SL around 0.9560 for the TP of 0.94285.
Resistance
R1- 0.9560
R2 0.9593
R3- 0.9630
Support
S1-0.95160
S2-0.94285
S3-0.9345
