USD/CHF bouncing up nicely, remain bullish for a further rise - Forex247

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Tuesday, July 25, 2017

USD/CHF bouncing up nicely, remain bullish for a further rise

The price has bounced up perfectly from our buying area and is fast approaching our profit target. We continue to buy above 0.9474 support (resistance-turned-support level) for a further push up to 0.9523 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (55,5,3) is bouncing nicely above our support at 3.6%.

Buy above 0.9474. Stop loss is at 0.9441. Take profit is at 0.9523.

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


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