Potential Reversal Zone (PRZ)- 1.0125
- USDC/CHF has closed above 1.0760 (127% retracement of 0.9902 and 0.9259) and this confirms minor bullishness , a jump till 1.01250 is possible .
- The further bullishness can be seen only if it breaks 1.0125 and any break above will take the pair to 1.0240/1.0300 (161.8% retracement of 0.9902 and 0.9259).
- On the downside minor support is around 1.0750 and break below targets 1.0450/1.000.
- Overall bullish invalidation only below 0.9980.
It is good to buy only above 1.0125 with SL around 1.0750 for the TP of 1.0240/1.0300
The material has been provided by InstaForex Company – www.instaforex.com