ICmarkets
Long

EURCHF approaching support, potential bounce!

FX:EURCHF   Euro / Swiss Franc
EURCHF is approaching our first support at 1.1344 (horizontal pullback support, 38.2% & 50% Fibonacci retracement , 100% Fibonacci extension ) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1401(61.8% Fibonacci extension , horizontal pullback resistance).

Stochastic (34, 5, 3) is approaching its support where a corresponding bounce could occur.

Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
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