USD/CHF approaching major support, prepare to buy

The price is approaching major support at 0.9593 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and we intend to see a nice bounce above this level for a push up to at least 0.9671 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,5,3) is seeing strong support above 12% where we expect a bounce from.

Buy above 0.9593. Stop loss is at 0.9560. Take profit is at 0.9671.


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