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fxwireprousdchf-trade-idea

Fxwirepro:usd/chf Trade Idea

  • The greenback has renewed selling interest after jumping till 1.01730 level. The temporary top formed this week at 1.0245 will be acting as major resistance and any further bullishness can be seen only above that level.
     
  • Slight trend is looking weak and the pair should break below 1.0600 (Nov 18th low) for further selling. Any break below that level will drag the pair till 1.0020/1.000. the minor support is around 1.0078.
     
  • The pair should break above temporary top at 1.0205 for further jump. Any violation above 1.0205 will take the pair till 1.02260/1.0260.

    It is good to sell on rallies around 1.0145-1.015 with SL around 1.0200 for the TP of 1.0060/1.000

Resistance                                                                                

R1-1.0205

R2-1.02260

R3- 1.0300

Support               

S1-1.00600

S2-1.00200

S3- 1.000

The material has been provided by InstaForex Company - www.instaforex.com