MEX_Exchange

USDCHF right on major support, remain bullish

Long
FX:USDCHF   U.S. Dollar / Swiss Franc

Buy above 0.9834. Stop loss at 0.9787. Take profit at 0.9924.
Reason for the trading strategy (technically):
Price is starting to bounce nicely off our major support area starting from 0.9843 (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish price action) and we expect a further bounce up to at least 0.9924 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing a nice bounce above 3.4% support and has good upside potential.

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