Main Quotes Calendar Forum
flag

FX.co ★ USD/CHF at major resistance, prepare to sell

parent
Forex Analysis:::2016-11-15T15:00:22

USD/CHF at major resistance, prepare to sell

Price has reacted off major resistance at 1.0000 (Fibonacci projection, horizontal resistance, big figure) and we expect a drop to 0.9833 at least.

RSI (34) is also reacting off major descending resistance which goes in line with our bearish view.

Sell below 1.0000. Stop loss at 1.0050. Take profit at 0.9833.

USD/CHF at major resistance, prepare to sell
Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...