USDCHF approaching support, potential bounce!

20 มิ.ย. 2018

USDCHF is approaching our first support at 0.9912 (horizontal overlap support, 38.2% Fibonacci retracement, Elliot wave structure, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.000 (61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement).
RSI (34) is also approaching support where a bounce off this level might see a corresponding rise in price.
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