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USD/CHF Trade Idea

Monday, December 7, 2015 12:49 PM UTC

Major resistance - 1.003 (55 day H EMA)
The pair has made a high of 1.00317 and declined till 0.99500 level. Intraday trend is bullish as long as support 0.9950 holds.
On the higher side any break above 1.0030 will take the pair till 1.0090/1.0120.
Overall bearish invalidation only above 1.0140.
The pair's minor support is around 1 and break below targets 0.9950/0.9900.

It is good to buy only above 1.0030 with SL around 0.9980 for the TP of 1.0090/1.0120

R1-1.0030

R2-1.0090

R3-1.0120

Support

S1- 1

S2-0.9950

S3-0.9900

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USD/CHF Trade Idea

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