As per our analysis USDCHF has broken parity level in the European session on broad based US dollar buying. US dollar index shown a good jump of more than 30 pips from today's low after ECB President Draghi dovish speech. Markets eye Fed monetary policy on Wednesday for further direction.According CME Fed watch tool there is 20.8% probability of 25bpbs rate cut and 79.8% chance that the central bank will hold its rates unchanged. The pair hits high 1.00050 and is currently trading around 1.00037.
On the higher side, any convincing break above 1.000 level confirms major trend reversal and a jump till 1.0050/1.010. Any major bullishness only above 1.0120.
The major trend reversal can happen only below 0.9960 (200-day MA) and any violation below will drag the pair till 1.0050/1.010.
It is good to buy on dips around 1.000 with SL around 0.9960 for the TP of 1.010.


US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/USD rises as soft US data pressures dollar
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch 



