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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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USDCHF is approaching resistance where we might be seeing a drop below this level.

Entry: 0.9814

Why it's good : Horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement

Stop Loss : 0.9854

Why it's good : Horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement

Take Profit : 0.9769

Why it's good: Horizontal pullback support

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