EUR/CHF Approaching Support, Prepare For A Bounce!

Source: Forex Analysis

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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