FxWirePro:USD/CHF faces strong support at 0.9580, good to buy at dips

• Short term trend –Bullish
   
• Long term trend - Weak
   
• Major Support: 0.9580 (Jun 9th low)
   
• Major resistance- 0.9680 (7 day EMA)
   
• The pair has made a temporary low of 0.9578 and recovered from that level. It is currently trading at 0.96561.
   
• Short term trend is bullish as long as support 0.9580 holds.
   
• On the lower side any break below 0.9580 will drag the pair further down till 0.9550 (78.6% retracement of 0.94439 and 0.99484)/0.94980.
   
• The pair’s resistance is around 0.9680 (7 day EMA) and any break above targets 0.9760/0.9810 (21 day MA).
   
•  USD/CHF should close above 0.9780 (90 day EMA) for trend reversal.

It is good to buy at dips around 0.9645-0.9650 with SL around 0.9578 for the TP of 0.9760/0.9785