USD/CHF faces strong support around 1.0500, good to buy at dips
USD/CHF has broken major resistance 1.0150 and jumped till 1.01670. Short term trend is bullish as
long as support 1.0500 holds.
Any break above 1.0150 confirms minor trend reversal a jump till 1.018/1.0250 is possible .
On the lower side major support is around 1.0050 and break below will drag the pair till 1.000/0.9950.
Overall bullish invalidation only below 0.9990.
It is good to buy at dips around 1.0145-50 with SL around 1.0800 for the TP of 1.0250.
long as support 1.0500 holds.
Any break above 1.0150 confirms minor trend reversal a jump till 1.018/1.0250 is possible .
On the lower side major support is around 1.0050 and break below will drag the pair till 1.000/0.9950.
Overall bullish invalidation only below 0.9990.
It is good to buy at dips around 1.0145-50 with SL around 1.0800 for the TP of 1.0250.