USD/CHF remain bearish - Forex247

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Monday, December 26, 2016

USD/CHF remain bearish

We remain bearish below 1.0268 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 1.0200 resistance (Fibonacci projection, Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is seeing descending resistance pushing price down.

Sell below 1.0268. Stop loss at 1.0296. Take profit at 1.0200.

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