USD/CHF approaching resistance, potential drop!


USDCHF is approaching our first resistance where we might be seeing a drop below this level to our first support level.

Entry: 0.9965

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

Stop Loss : 1.0010

Why it's good : horizontal overlap resistance

Take Profit : 0.9890

Why it's good: Horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement


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