USD/CHF Trade idea

• USD/CHF is trading in narrow range between 0.9726 and 0.9795 for the past two trading session.
  
  
• It is facing strong trend line support at 0.9720 (trend line joining 0.93288 and 0.9547) and any break below will target 0.9675/0.9595/0.9550 in short term.
  
  
• On the higher 0.9800 is acting as major resistance and break above would extend gains till 0.9860/0.9900.
  
  
• The minor resistance is around 0.9770.
  
  
• Bearish invalidation only above 0.9900.

It is good to sell below 0.9720 with SL around 0.9775 for the TP of 0.9595/0.9550

Resistance

R1- 0.9770

R2-0.9800

R3- 0.9860

Support

S1-0.9720

S2-0.9670

S3-0.9595