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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 support, potential big bounce!

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Price is approaching our first support where we might see a corresponding bounce in price.

Entry : 1.0157

Why it's good : horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement

Stop Loss : 1.0131

Why it's good : 100% Fibonacci extension, horizontal swing low support

Take Profit : 1.0197

Why it's good : horizontal swing high resistance, 76.4% Fibonacci retracement, descending resistance line

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