EURCHF approaching support, watch for potential bounce!

20 ก.ค. 2018

Price is approaching our first support at 1.1602 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension, long term ascending support line) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1766 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching our support and a bounce off this level might see a corresponding rise in price.
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