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FxWirePro: USD/CHF to break resitance at 0.92401, intra day bias remains bullish

  • USD/CHF is fast approching to break resitance at 0.92401, strong rebound is expected, if we  see a bullish breakout at the next resistance level to watchout may be the previous high near 0.9400, 61.8% Fibonacci retracement.

  • To the downside, the support sits near the previous lows at 0.9150. Major support is seen at 0.91500, a break below at this level will open the door to 0.90732.
Recommendation: Go long above 0.9190 with Targets 0.9260 & 0.9310, SL 91450

Resistance Levels

R1: 0.92401 (23.6% Retracement level)
R2: 0.92787 
R3: 0.93008 (38.2 % Retracement level) 

Support Levels

S1: 0.91740 (76.4% Retracement level) S2: 0.91449
S3: 0.90785

  • Market Data
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