USD/CHF on nice support, time to start buying - Forex247

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Tuesday, October 31, 2017

USD/CHF on nice support, time to start buying

The price is right above major support at 0.9937 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) and we look to buy above this level for a push up to at least 1.0033 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (23,3,1) is seeing strong support above 1.9% where we expect a corresponding bounce from.

Buy above 0.9937. Stop loss is at 0.9872. Take profit is at 1.0033.

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


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