USD/CHF reversed off resistance, potential for further drop

Price reversed from our first resistance where there is potential for further drop.
Entry : 1.0095 Why it's good : 23.6% Fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1.0123
Why it's good : horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement
Take Profit : 1.0008
Why it's good : horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

Analysis are provided by InstaForex