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USD/CHF faces trend line resistance around 1.0880, break above targets 1.018/1.0250

Major Resistance - 1.0880 (trend line joining 1.0124 and 1.0106) Major intraday support -1.00350 (7 day EMA) Any break above trend line resistance 1.0880 will take the pair to next level around 1.0125/1.018/1.0250. On th…

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USD/CHF faces trend line resistance around 1.0880, break above targets 1.018/1.0250
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  • Major Resistance - 1.0880 (trend line joining 1.0124 and 1.0106)
     
  • Major intraday support -1.00350 (7 day EMA)
     
  • Any break above trend line resistance 1.0880 will take the pair to next level around 1.0125/1.018/1.0250.
     
  • On the lower side major support is around 1.00350 and break below will drag the pair till 1/0. minor support is around 1.0055.
     
  • Overall bullish invalidation only below 0.9920.

It is good to buy above 1.0880 with SL around 1.00350 for the TP of 1.0180/1.0240

 

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