USD/CHF almost at profit target, remain bearish

Price reacted off our selling area perfectly yesterday. We now look for a further drop towards 0.9650 and continue to play the drop below 0.9740 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (21) remains below 69% resistance and has also made a bearish exit of its ascending support-turned-resistance line.

Sell below 0.9740. Stop loss is at 0.9790. Take profit is at 0.9650.

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

From www.instaforex.com http://ift.tt/2cbxSat