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- Candlestick pattern formed- Shooting star.
- Major resistance- 0.99620
- USD/CHF has jumped sharply from the low of 0.98437. It is trading around 0.99427.
- The pair formed shooting star pattern in the daily chart, a decline till 0.98450 is possible.
- The temporary top around 0.99620 will be acting as major resistance and slight jump can happen only above that level.
- Any violation above 0.99620 will take the pair to next level till 1.000.
- On the lower side, any break below 0.9890 (10-day MA) will drag the pair down till 0.9845/0.9780.
It is good to sell on rallies around 0.9945-0.9950 with SL around 1.000 for the TP of 0.9890/0.9840.
