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

2019-07-09T02:52:05

Relevance until2019-07-10

USDCHF is approaching our first resistance where we might be seeing a drop below this level to our first support level.

Entry: 0.9965

Why it's good : horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.0010

Why it's good : horizontal overlap resistance

Take Profit : 0.9890

Why it's good: Horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement

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!