Overview:
The USD/CHF pair will probably form a strong support at the level of 1.1056; because the trend is still above a ratio of 50% Fibonacci retracement in the H4 chart. From this point, the trend will continue its bullish movement above the area of 1.0056. Also, it should be noted that the level of 1.0120 acts as minor support. Moreover, the daily pivot point has placed at the same level of 1.0120. Right now, the price sets at 1.0140 for that we expect the saturation to take place around 1.0120 (resistance became support). Therefore, the market is likely to start showing bullish signs. In other words, buy deals are recommended above the level of 1.0120 with the first target seen at 1.0211 and further at 1.0263. However, the stop loss should be placed at 0.9970.Intraday technical levels:
Projected high: 1.0327 Breakout (buy stop): 1.0211 Current pivot: 1.0120 Breakout (sell stop): 0.9992 Projected low: 0.9785