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