USD/CHF faces strong support at 0.9680, good to buy at dips Long

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Sep 7, 2015 11:09 AM

USD/CHF has retreated till 0.97074 after making a high of 0.9770. Overall trend is still bullish as long as support 0.9680 holds.

Any break below 0.9680 will drag the pair further down till 0.9640/0.9595.

On the higher side minor resistance is around 0.9740 and any break above would extend gains till 0.9770/0.9800.

Bullish invalidation only below 0.9560.

It is good to buy at dips around 0.9710-15 with SL around 0.9680 for the TP of 0.9770/0.9800.

Comments

KVE

⋅ Sep 7, 2015 7:30 PM

I sincerely hope you are wrong since I'm short :-p

Killy_Mel

⋅ Sep 7, 2015 1:48 PM

CCI above 100 is a good thing - could be a trend start!