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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 perfectly, prepare to sell

The price has shot up perfectly and reached our profit target yesterday. We prepare to sell below major resistance at 0.9756 (Fibonacci extension, horizontal swing high resistance) for a push down to at least 0.9679 support, Fibonacci extension, Fibonacci retracement, horizontal swing low support).

RSI (34) sees a long-term descending resistance line signaling that we're starting to see bearish momentum.

Sell below 0.9756. Stop loss is at 0.9785. Take profit is at 0.9679.

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