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- USD/CHF has shown a minor recovery of almost more than 100 pips from the low of 0.91876 made on Friday. The pair hits high of 0.9300 and is currently trading around 0.92770.
- Technically, in the hourly chart the pair has taken support near 55- H EMA and shown a minor recovery. The pair should break above 0.9310 trend line resistance for further jump till 0.9340 (233- H MA)/0.9365 (61.8% fibo).It should move above 0.9420 for further bullishness.
- On the lower side, near term support is around 0.9240 and nay violation below will drag the pair down till 0.9200/0.9187. Any break below 0.91817 confirms bearish continuation, a dip till 0.9060 likely.
It is good to buy on dips around 0.9255-60 with SL around 0.9200 for the TP of 0.9310/0.9355.
