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FxWirePro- Woodies Pivot(Major) 
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FxWirePro- Major European Indices 
FxWirePro- Woodies Pivot(Major) 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
- Short term trend –Bullish
- Long term trend - Weak
- Major Support: 0.9580 (Jun 9th low)
- Major resistance- 0.9680 (7 day EMA)
- The pair has made a temporary low of 0.9578 and recovered from that level. It is currently trading at 0.96561.
- Short term trend is bullish as long as support 0.9580 holds.
- On the lower side any break below 0.9580 will drag the pair further down till 0.9550 (78.6% retracement of 0.94439 and 0.99484)/0.94980.
- The pair’s resistance is around 0.9680 (7 day EMA) and any break above targets 0.9760/0.9810 (21 day MA).
- USD/CHF should close above 0.9780 (90 day EMA) for trend reversal.
It is good to buy at dips around 0.9645-0.9650 with SL around 0.9578 for the TP of 0.9760/0.9785
