FxWirePro: USD/CHF Trade idea

• Major resistance – 1.02048 (Nov 30th high)
   
• Major support – 1.0000 (100% projection of 1.0248 and 1.00672 from 1.01817)
   
• The greenback has renewed buying interest after declining till taking support near 1.0020.USD/CHF jumped till 1.01780. The pair is currently trading around 1.01625.
   
• Trend continuation is expected to happen only if the pair breaks above 1.02050. Any break above that level will take the pair till 1.02600/1.03027.
   
• On the lower side, the pair should break below 1.0150 for further selling. Any violation below 1.0150 will take the pair till 1.010/1.0050. The further downside can be seen below 1.0020 will drag the pair till 0.9960 (55- day EMA).
  
  It is good to buy on dips around 1.0150 with SL around 1.0205 for the TP of 1.0205/1.0302

Resistance                                                                               

R1-1.0205

R2-1.02580

R3- 1.03027

Support               

S1-1.010

S2-1.0050

S3- 1.00200