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adnankingFX
Dec 18, 2018 4:19 PM

USDCHF Long

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF
Comments
Klimex
Great idea on USDCHF, glad that we have the same bullish view. For our set up, we have identified key resistance and support levels. Price is approaching support at 0.9900, which is made up of 100% Fibonacci extension , 76.4% Fibonacci retracement and a horizontal overlap support. Should price bounce off this level, it might potentially go up to the major resistance level at 0.9972, which is made up of a 61.8% Fibonacci extension , 76.4% Fibonacci retracement and a horizontal swing high resistance. Please take a look at our idea and let us know what you think.

VasilyTrader
1.0 level is the decision point right now. I am going to be cautious and wait how the market will react on this level.
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