#USDCHF broke out from triangle, potential for further upside!
Price is reacting above our pivot level at 0.91860 which is in-line with 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap resistance. Price can potentially swing towards resistance at 0.92390 which is in-line with 100% Fibonacci retracement level, 127.2% Fibonacci extension level and swing high resistance.
Alternatively, price may drop to our support at 0.91540, which is in-line with 61.8% Fibonacci retracement level and 61.8% Fibonacci extension level.
Pivot:
0.91860
Why we like it:
61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap resistance
1st Support:
0.91540
Why we like it:
61.8% Fibonacci retracement level and 61.8% Fibonacci extension level
1st Resistance:
0.92390
Why we like it:
100% Fibonacci retracement level, 127.2% Fibonacci extension level and swing high resistance.
Trading FX & CFDs carries high risk.
Alternatively, price may drop to our support at 0.91540, which is in-line with 61.8% Fibonacci retracement level and 61.8% Fibonacci extension level.
Pivot:
0.91860
Why we like it:
61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap resistance
1st Support:
0.91540
Why we like it:
61.8% Fibonacci retracement level and 61.8% Fibonacci extension level
1st Resistance:
0.92390
Why we like it:
100% Fibonacci retracement level, 127.2% Fibonacci extension level and swing high resistance.
Trading FX & CFDs carries high risk.
Penafian
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