FX.co - USD/CHF approaching resistance, potential drop!

21 January 2020 at 9:57AM (UTC+0)

Relevance until22 January 2020 at 9:57AM (UTC+0)

Trading Recommendation

Entry: 0.9701

Reason for Entry: Horizontal swing high resistance, 61.8% fibonacci retracement

Take Profit : 0.9614

Reason for Take Profit:

61.8% Fibonacci extension, Horizontal swing low support

Stop Loss: 0.9768

Reason for Stop loss:

Horizontal overlap resistance

*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 resistance, potential drop!