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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 support, potential bounce!

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USDCHF is approaching our first support where we might be seeing a bounce above this level to our first support level.

Entry: 0.9884

Why it's good : horizontal overlap support, 100% Fibonacci extension, 23.6% Fibonacci retracement

Stop Loss : 0.9839

Why it's good : horizontal overlap support, 38.2% Fibonacci retracement

Take Profit : 0.9965

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

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