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FX.co ★ USD/CHF: prepare to buy above major support

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Forex Analysis:::2017-02-17T14:37:22

USD/CHF: prepare to buy above major support

We prepare to turn bullish above major support at 0.9959 (Fibonacci retracement, horizontal overlap support) for a push up to 1.0030 resistance (Fibonacci retracement, horizontal pullback resistance).

RSI (34) is seeing strong support above the 23% level.

Buy above 0.9959. Stop loss is at 0.9898. Take profit is at 1.0030.

USD/CHF: prepare to buy above major support

Analyst InstaForex
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