USDCHF is trading higher for the day and jumped nearly 70 pips on easing global trade uncertainty. US President Trump said to reporters that "We had a very, very good negotiation with China,". The trade talks optimism has decreased demand for Safe-haven assets like yen and gold. US 10- year jumped more than 10% from low of 1.50% and recovered nearly 3% in the European session.
On the higher side, any minor trend continuation if it breaks 1.0030, any violation targets 1.0060/1.0100. Major bullishness only above 1.0125. The near term major resistance is around 0.99525/0.9980.
The near term support is around 0.9900 and any break below will drag till 0.9840/0.9770.
It is good to buy on dips around 0.99425-50 with SL around 0.9900 for the TP of 1.0030.
Resistance
R1- 1.0030
R2- 1.0060
R3- 1.0100
Support
S1-0.9900
S2- 0.9840
S3-0.9770
