FX.co - USD/CHF approaching resistance, potential drop!

2019-05-28T01:57:57

Long-term review

Price is approaching our first resistance level.

Entry : 1.0057

Why it's good : Horizontal overlap resistance, 23.6% Fibonacci retracement, descending channel, 61.8% Fibonacci extension

Stop Loss : 1.0100

Why it's good : horizontal swing high resistance, 38.2% Fibonacci retracement

Take Profit : 0.9973

Why it's good : 76.4% Fibonacci retracement, horizontal overlap support

USD/CHF approaching resistance, potential 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 approaching resistance, potential drop!