Tickmill
Long

EURCHF approaching support, potential bounce!

FX:EURCHF   Euro / Swiss Franc
EURCHF is approaching our first support at 1.1369 (horizontal pullback support, 23.6% Fibonacci retracement ) where a strong bounce might occur above this level to our major resistance at 1.1406 (100% Fibonacci extension , horizontal swing high resistance). Ichmoku cloud is showing signs of bullish bias as well.
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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This analysis is provided as general market commentary and does not constitute investment advice.
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