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FX.co ★ USD/CHF approaching major support, prepare to buy

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Forex Analysis:::2017-02-24T13:28:38

USD/CHF approaching major support, prepare to buy

The price is approaching major support at 1.0033 (Fibonacci retracement, Fibonacci extension, horizontal support), where we expect to see a bounce towards at least 1.0090 resistance (Fibonacci retracement, horizontal pullback resistance).

The RSI (34) is approaching our long-term ascending support where we expect a bounce from.

Buy above 1.0033. Stop loss at 1.0000. Take profit at 1.0090.

USD/CHF approaching major support, prepare to buy

Analyst InstaForex
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