USD/CHF: Buy above break out

FX:USDCHF   U.S. Dollar / Swiss Franc
143 0 7
Pattern Formed- Cup and handle

Major resistance – 1.00380

The pair has retreated after making a high of 1.00370. It is currently trading around 0.99710.

Short term bullishness can be seen only above 1.00400 level.

On the higher side any break above will take the pair to next level 1.0130/1.01920 ins short term.

The pair’s major support is around 0.9920 and break below targets 0.9870/0.9850 level.

Short term bullish invalidation only below 0.9850 level.

It is good to buy above 1.00380 with SL around 0.9990 for the TP of 1.0130/1.01920
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