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USD/CHF testing resistance, potential drop!

analytics5d4274dc48a63.jpg

USDCHF is testing our first resistance where we are expecting a drop below this level.

Entry: 0.9966

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

Stop Loss : 1.0013

Why it's good : horizontal overlap resistance

Take Profit : 0.9885

Why it's good: Horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extensionanalytics5d4274b074977.png

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