USD/CHF faces strong resistance at 0.9900, break above targets 0.9960/1.000

• Major resistance – 0.9900 (90 day EMA)
   
• The pair has taken support near 200 day MA and jumped from that level. It is currently trading around 0.98877.
   
• The pair made a temporary top around 0.98941 on Jul 12th and declined till 0.9764 from that level. Short term trend is bullish as long as support 0.9845 holds.
   
• On the lower side, major support is around 0.9845 and any indicative break below 0.9845 targets 0.980/0.9760 (90 day MA)/0.9680 in the short term.

It is good to sell on rallies around 0.9835 with SL around 0.9900 for the TP of 0.9765/0.9730