Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

USD/CHF Testing Support, Prepare For A Bounce!

July 24, 2018 Analytics

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USD/CHF is testing its support at 0.9901 (100% & 61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal overlap support, ascending channel support) where a bounce up to its resistance at 0.9977 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) is expected. Stochastic (55, 5, 3) is testing its support at 2.8% where a corresponding bounce is expected.

USD/CHF is testing its support where a bounce is expected.

Buy above 0.9901. Stop loss 0.9856. Take profit at 0.9977.

analytics5b55990029088.png

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

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