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Tickmill
Feb 1, 2019 3:53 AM

EURCHF approaching support potential bounce!  Long

Euro Fx/Swiss FrancFXCM

Description

EURCHF is approaching our first support at 1.1344 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1385 (50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
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