USDCHF approaching support, potential bounce!

19 ก.ค. 2018

USDCHF is approaching our first support at 0.9957 (horizontal pullback support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.0035 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching support and we might see a rise in price should it bounce off this level.
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