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FX.co ★ USD/CHF testing resistance, potential drop!

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Forex Analysis:::2019-08-01T05:13:24

USD/CHF testing resistance, potential drop!

USD/CHF testing resistance, potential drop!

USDCHF is testing our first resistance where we are expecting a drop below this level.

Entry: 0.9966

Why it's good : Horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement

Stop Loss : 1.0013

Why it's good : horizontal overlap resistance

Take Profit : 0.9885

Why it's good: Horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extensionUSD/CHF testing resistance, potential drop!

Analyst InstaForex
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