Klimex

EURCHF Bounced Off Support, Prepare For A Further Rise

Long
FX:EURCHF   Euro / Swiss Franc
EURCHF bounced nicely off its support at 1.1349 (horizontal overlap support, 100% fibonacci extension , 38.2% & 50% fibonacci retracement ) where it could potentially bounce to its resistance at 1.1435 (horizontal swing high resistance, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ).

Stochastic (55, 5, 3) is bounced off its support where a corresponding rise could occur.

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