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USDCHF approaching support, potential bounce!

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
easyMarkets Broker  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns USDCHF USD chf usdchflong usdchfshort Forex forextrading forexsignals
34
0
trendanalysis harmonicpatterns chartpattern usdchf usd chf usdchflong usdchfshort forex forextrading forexsignals
USDCHF is approaching our first support at 0.9990 (horizontal pullback support, 23.6% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.0059 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension).
RSI (34) is also approaching support where we might see a corresponding rise in price should it bounce off this level.
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