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Long

USD/CHF faces strong support around 1.0500, good to buy at dips

FX:USDCHF   U.S. Dollar/Swiss Franc
123 0 3
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.
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