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FX.co ★ USD/CHF remains bearish

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Forex Analysis:::2016-12-27T15:16:42

USD/CHF remains bearish

We remain bearish below 1.0268 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 1.0200 resistance (Fibonacci projection, Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is seeing descending resistance pushing the price down.

Sell below 1.0268. Set stop loss at 1.0296 and take profit at 1.0200.

USD/CHF remains bearish

Analyst InstaForex
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