USD/CHF profit target reached, remain bearish

Price dropped to our yesterday's profit target perfectly. We remain bearish below 1.0219 resistance (Fibonacci retracement, horizontal pullback resistance) for another push down to 1.0087.

Stochastic (21,5,3) has broken an ascending support-turned-resistance line signalling a change in momentum.

Sell below 1.0219. Set stop loss at 1.0263 and take profit at 1.0087.

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

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