FX.co - USD/CHF reversed off resistance, potential for further drop!

2019-05-15T02:16:18

Long-term review

Price reversed from our first resistance where there is potential for further drop.

Entry : 1.0095

Why it's good : 23.6% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.0123

Why it's good : horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement

Take Profit : 1.0008

Why it's good : horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

USD/CHF reversed off resistance, potential for further drop!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USD/CHF reversed off resistance, potential for further drop!