USD/CHF profit target reached perfectly again, prepare to sell

Price has bounced up perfectly and reached our profit target once again. We prepare to sell below major resistance at 0.9582 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.9483 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,3,1) is seeing strong resistance below 100% and we expect a corresponding drop from that level similar to the one we're expecting on price.

Sell below 0.9582. Stop loss at 0.9625. Take profit at 0.9483.

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