FX.co - USD/CHF approaching support, potential bounce!

2019-07-03T05:11:52

Relevance until2019-07-04

USDCHF is approaching our first support at 0.9817 where we might be seeing a bounce above this level.

Entry: 0.9817

Why it's good : Horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 0.9764

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.9904

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

USD/CHF approaching support, potential bounce!

*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 support, potential bounce!