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

2019-07-02T04:42:51

Relevance until2019-07-03

USDCHF is approaching resistance where we might be seeing a drop below this level.

Entry: 0.9904

Why it's good : Horizontal pullback resistance, 61.8% Fibonacci extension, 61.8%, 38.2% Fibonacci retracement

Stop Loss : 0.9955

Why it's good : Horizontal pullback resistance, 78.6% Fibonacci retracement

Take Profit : 0.9817

Why it's good: Horizontal overlap support

USD/CHF approaching resistance, potential reversal!

*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 reversal!