FxWirePro: USD/CHF trade idea

• Potential Reversal Zone (PRZ) –1.0450 (Jan 30th high).
   
• USD/CHF recovers sharply from the low of 0.99297 yesterday and has broken major resistance at 1.000 (21- day MA).The pair jumped till 1.00240 at the time of writing. It is currently trading around 1.00234.
   
• The minor weakness can be seen below 0.9900 and any break below will drag the pair till 0.9860 (200- day MA)/0.9790.
   
• On the higher side, 1.0450 will be acting as immediate resistance and any break above this level will take the pair till 1.0070/1.01225 (Jan 19th high).
   
• Short term weakness only below 0.98600 level.
  
  It is good to buy on dips around 1.0015-1.0020 with SL around 0.9980 for the TP of 1.0070/1.0120

Resistance                                                                   

R1-1.00450                        

R2 -1.0070

R3- 1.00120

Support      

S1-0.9980

S2-0.9950

S3- 0.9900