FX.co ★ USD/CHF Trading Recommendations for 2nd August 2016

0.9625 is a major Fibonacci golden ratio retracement support. We can also see a bullish candlestick reversal right above this level meaning there are a lot of buyers on this level. Our take profit is at 0.9795 which is a horizontal support level + 50% Fibonacci retracement level.

Trading Recommendations :

Buy now and once more if price drops to 0.9625.

Take profit at 0.9795.

Stop loss at 0.9570.