USDCHF approaching support, potential bounce!

17 ต.ค. 2018

USDCHF is approaching our first support at 0.9862 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.006 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement).
RSI (21) is also bouncing off support and we might see a corresponding rise in price.
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