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USD/CHF breaks major trend line resistance, targets 1.0300/1.0330

Friday, January 29, 2016 11:50 AM UTC

Major resistance - 1.0170 (trend line joining 1.01980 and 1.01894)
The pair has broken major resistance 1.0170 and jumped till 1.02250. It is currently trading around 1.0200.
Short term trend is bullish as long as support 1.0140 (7 day EMA) holds. Any break below 1.0140 will drag the pair down till 1.0100/1.005.
On the higher side resistance is around 1.0225 and break above 1.0225 will take the pair till 1.0255/1.0300/1.0335.

It is good to buy at dips around 1.0190 with SL around 1.0140 for the TP of 1.0255/1.0300

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USD/CHF breaks major trend line resistance, targets 1.0300/1.0330

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