USD/CHF testing our buying area, time to start buying

The price has dropped as expected towards our buying level. We remain bullish looking to buy above major support at 0.9519 (Fibonacci retracement, Fibonacci extension, horizontal support) for a bounce up to at least 0.9617 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic is approaching major support at 3.1% where we expect a bounce from.

Buy above 0.9519. Stop loss is at 0.9483. Take profit is at 0.9617.


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