USDCHF is approaching our first resistance where we might be seeing a drop below this level to our first support level.
Why it's good : horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1.0010
Why it's good : horizontal overlap resistance
Take Profit : 0.9890
Why it's good: Horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.