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

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Forex Analysis:::2016-12-09T09:57:25

USD/CHF at major resistance, prepare to sell

Price is now at major resistance 1.0177 (Fibonacci retracement, horizontal swing high resistance) where we expect a reaction from for a drop to at least 1.0115 support (Fibonacci retracement, horizontal pullback support).

Stochastic (21,5,3) is seeing major resistance below the 90% level.

Sell below 1.0177. Stop loss at 1.0215. Take profit at 1.0115.

USD/CHF at major resistance, prepare to sell

Analyst InstaForex
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