USD/CHF approaching major support, prepare to buy - Forex247

Latest

Keep Your Trading Simple and Smart

Friday, February 24, 2017

USD/CHF approaching major support, prepare to buy

The price is approaching major support at 1.0033 (Fibonacci retracement, Fibonacci extension, horizontal support), where we expect to see a bounce towards at least 1.0090 resistance (Fibonacci retracement, horizontal pullback resistance).

The RSI (34) is approaching our long-term ascending support where we expect a bounce from.

Buy above 1.0033. Stop loss at 1.0000. Take profit at 1.0090.

analytics58b034df50dbb.png

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


No comments:

Post a Comment