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FX.co ★ USD/CHF approaching support, potential bounce!

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Forex Analysis:::2019-07-08T03:33:52

USD/CHF approaching support, potential bounce!

USD/CHF approaching support, potential bounce!

USDCHF is approaching our first support where we might be seeing a bounce above this level to our first support level.

Entry: 0.9884

Why it's good : horizontal overlap support, 100% Fibonacci extension, 23.6% Fibonacci retracement

Stop Loss : 0.9839

Why it's good : horizontal overlap support, 38.2% Fibonacci retracement

Take Profit : 0.9965

Why it's good: Horizontal overlap resistance, 50% Fibonacci retracement

USD/CHF approaching support, potential bounce!

Analyst InstaForex
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