FxWirePro: USD/CHF breaks major resistance at 1.01180, good to buy on dips
Major resistance -1.0118 (Feb 15th 2017 high) Major support – 0.99297 (Feb 8th 2017 low). USD/CHF broken minor top formed around 1.0118 and jumped slightly till 1.0130 level. Any break above 1.01180 confirms minor bullis…
USD/CHF broken minor top formed around 1.0118 and jumped slightly till 1.0130 level. Any break above 1.01180 confirms minor bullishness, a jump till 1.02480 is likely. It is currently trading around 1.01230.
Intraday outlook remains slightly bullish as long as support 1.00380 (55- day EMA) holds.
The declined from 1.03436 has got completed at 0.98600. So further bearishness only below 0.98600.
On the lower side, major support is around 1.00380 and any break below targets 0.9992 (daily Kijun- Sen)/0.9960 (Feb 17th low)/0.9927 (Feb 8th low).
It is good to buy on dips around 1.011 with SL around 1.0050 for the TP of 1.0248.
