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15.11.2016 05:00 PM
USD/CHF at major resistance, prepare to sell

Price has reacted off major resistance at 1.0000 (Fibonacci projection, horizontal resistance, big figure) and we expect a drop to 0.9833 at least.

RSI (34) is also reacting off major descending resistance which goes in line with our bearish view.

Sell below 1.0000. Stop loss at 1.0050. Take profit at 0.9833.

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Dean Leo,
Analytical expert of InstaForex
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