Forex Analysis: 11 Jan 2017, 14:15 UTC+00

USD/CHF profit target reached once again, get ready to turn bullish

Price bounced nicely above our buying level yesterday. We remain bullish above 1.0129 support (Fibonacci retracement, horizontal overlap support) to see a bounce up to at least 1.0212 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,5,3) is holding above our 9.3% support.

Buy above 1.0129. Set stop loss at 1.0083 and take profit at 1.0212.

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Performed by
analytical expert: Dean Leo
InstaForex Group © 2007-2017
 Published: 11 Jan 2017, 14:15 UTC+00

 
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