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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/CHF profit target reached, turn bullish.

Price has dropped as expected and reached our profit target from previously. We now look to go bullish from here for a small rise to at least 0.9710 above our 0.9610 support (Fibonacci projection, descending support line, EUR/USD correlation).

Stochastics (21,5,3) is also seeing a bounce from the 6% support level signaling a bullish move in progress.

analytics57b4154069c91.png

Buy above 0.9610. Stop loss at 0.9520. Take profit at 0.9710.

The material has been provided by InstaForex Company - www.instaforex.com