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

2019-08-01T05:13:24

Long-term review

USDCHF is testing our first resistance where we are expecting a drop below this level.

Entry: 0.9966

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

Stop Loss : 1.0013

Why it's good : horizontal overlap resistance

Take Profit : 0.9885

Why it's good: Horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension USD/CHF testing 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 testing resistance, potential drop!