FX.co - USD/CHF approaching support, potential bounce!

6 December 2019 at 5:22AM (UTC+0)

Relevance until7 December 2019 at 5:22AM (UTC+0)

Trading Recommendation

Entry: 0.9850

Reason for Entry: 161% Fibonacci extension, horizontal swing low support

Take Profit : 0.9926

Reason for Take Profit: horizontal pullback resistance

38.2% Fibonacci retracement

Stop Loss: 0.9800

Reason for Stop loss:

horizontal swing low support

61.8% Fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USD/CHF approaching support, potential bounce!