FxWirPro:USD/CHF Trade Idea

• Major support – 1.02800 (trend line joining 1.00834 and 1.02217)
   
• Major Resistance – 1.03435
   
• USD/CHF breaks below 1.02800 today Asian session and declined till 1.02657. It is currently trading around 1.02657.
   
• Short term trend is weak as long as resistance 1.03450 holds.
   
• On the lower side, any break below 1.02800 will drag the pair down till 1.0220/1.01828 (61.8% retracement of 1.00834 and 1.03435)/1.0150.
   
• The temporary top formed at 1.03435 will be acting as major resistance and any break above will take the pair till 1.0400 level.
  
  It is good to sell on rallies around 1.02750-1.02770 with SL around 1.0345 for the TP of 1.0180/1.01500.    

Resistance                                                                 R1-1.03450

R2-1.0400

R3- 1.0445

Support      

S1-1.0220

S2-1.0180

S3- 1.0150