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

2019-07-08T03:33:52

Relevance until2019-07-08

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

Entry: 0.9884

Why it's good : horizontal overlap support, 100% Fibonacci extension, 23.6% Fibonacci retracement

Stop Loss : 0.9839

Why it's good : horizontal overlap support, 38.2% Fibonacci retracement

Take Profit : 0.9965

Why it's good: Horizontal overlap resistance, 50% Fibonacci retracement

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!