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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 approaching resistance, potential drop!

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Price is approaching our first resistance level.

Entry : 1.0096

Why it's good : Horizontal swing high resistance, 38.2% Fibonacci retracement

Stop Loss : 1.0125

Why it's good : Horizontal swing high resistance, 50% Fibonacci retracement

Take Profit : 0.9973

Why it's good : 76.4% Fibonacci retracement, horizontal overlap support

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