EUR/CHF Approaching Support, Prepare For A Bounce!
August 10, 2018 4:21 am
EUR/CHF is approaching its support at 1.1451 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 1.1548 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 5.4% where a corresponding bounce could occur.
EUR/CHF is approaching its support where we expect to see it bounce.
Buy above 1.1451. Stop loss at 1.1412. Take profit at 1.1548.
EUR/CHF is approaching its support at 1.1451 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 1.1548 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 5.4% where a corresponding bounce could occur.
EUR/CHF is approaching its support where we expect to see it bounce.
Buy above 1.1451. Stop loss at 1.1412. Take profit at 1.1548.
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The material has been provided by InstaForex Company – www.instaforex.com
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