Get started
Tickmill

EURCHF approaching support, watch for potential bounce!

Long
Euro / Swiss Franc (FX:EURCHF)  
Tickmill Broker  
FX:EURCHF   Euro / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns EURCHF EUR chf eurchflong eurchfshort Forex forextrading forexsignals
4
1
trendanalysis harmonicpatterns chartpattern eurchf eur chf eurchflong eurchfshort forex forextrading forexsignals
Price is approaching our first support at 1.1602 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension, long term ascending support line) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1766 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching our support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.