USD/CHF is falling towards the support level which is an overlap support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8849 Why we like it: There is an overlap support that lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.8799 Why we like it: There is a pullback support level.
Take profit: 0.8915 Why we like it: There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
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