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Add as a preferred source on Google FxWirePro: USD/CHF faces strong support at 0.9760, good to sell on rallies Major support – 0.9760 (90 day EMA) The pair has taken support near 90 day EMA and slightly jumped from that level. It is currently trading around 0.9795. The pair made a temporary top around 0.98941 and started to decli…
By FxWire Pro Jul 15, 2016, 8:41 AM UTC
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Major support – 0.9760 (90 day EMA)
The pair has taken support near 90 day EMA and slightly jumped from that level.
It is currently trading around 0.9795.
The pair made a temporary top around 0.98941 and started to decline from that level. Short term trend is weak as long as resistance 0.9900 holds.
On the lower side, major support is around 0.9760 and any indicative break below 0.9800 targets 0.9730 (21 day MA)/0.9680 in the short term.
It is good to sell on rallies around 0.9800 with SL around 0.9840 for the TP of 0.9765/0.9730
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