FxWirePro
Long

USD/CHF trades well above 0.9900, good to buy at dips

FX:USDCHF   U.S. Dollar/Swiss Franc
89 0 2
Major resistance -0.9950

The pair has recovered after making a low of 0.9820 and is currently trading around 0.9958. It has also broken major resistance 0.9950 and a short term trend reversal till 1.0030 is possible .

On the lower side support is at 0.9925 (200 day MA) and break below will drag the pair down till 0.9900/0.9870/0.9850 is possible .

Overall bullish invalidation only below 0.9800.

It is good to buy at dips around 0.9900 with SL around 0.9850 for the TP of 1/1.0030
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