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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 reversed off resistance, potential for further drop!

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Price reversed from our first resistance where there is potential for further drop.

Entry : 1.0095

Why it's good : 23.6% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.0123

Why it's good : horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement

Take Profit : 1.0008

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

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