USD/CHF approaching support, potential bounce!

By | January 23, 2020
InstaForex
USD/CHF approaching support, potential bounce!

Relevance up to 00:00 2020-01-24 UTC–8

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Trading Recommendation

Entry: 0.9664

Reason for Entry: Horizontal swing low support, 61.8% fibonacci retracement

Take Profit : 0.9728

Reason for Take Profit:

78.6% Fibonacci retracement, Horizontal swing high resistance

Stop Loss: 0.9614

Reason for Stop loss:

Horizontal overlap resistance, 78.6% Fibonacci extension

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

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2020

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AUD/USD drop in progress. Further drop expected!

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