USDCHF recovered sharply despite rising Middle East tension. It hit an intraday low of 0.80561 and is currently trading around 0.81305. Intraday bias appears to be bullish as long as the support 0.8090 holds.
Technical Analysis Points to Further Upside
The pair is trading below the 55-EMA, below 200 EMA and 365 EMA on the 1-hour chart indicating a mixed trend. The immediate resistance is at 0.8150 any break above targets is 0.8180/0.8200/0.8250.
Support Levels and Potential Declines
On the downside, near-term support is around 0.8090, any violation below will drag the pair to 0.8000.
Indicators (1-Hour)
CCI (50) - Bearish
Directional movement Index - Neutral
Trading Strategy Recommendation
It is good to buy on dips around 0.81000 with a stop-loss at 0.8050 for a TP of 0.82400.


FxWirePro: GBP/USD recovers some ground but bears are not done yet
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



