USD/CHF Trade Idea

• 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