Chart pattern- triple top
- USD/CHF has formed triple top almost at 0.9720 and retreating from that level.
- Intraday trend – Bearish. Further bullishness can be seen only above 0.9720 level. Any break above 0.9720 will target 0.9770/0.9800.
- On the downside minor support is around 0.9650 and break below will target 0.9595/0.9550 in short term.
- Overall bullish invalidation only below 0.9552.
- The minor resistance are 0.9680.
It is good to sell on rallies around 0.9660-62 with SL around 0.9721 for TP of 0.9595/0.9555.
The material has been provided by InstaForex Company – www.instaforex.com