USD/CHF right on major support, remain bullish

The price is starting to bounce nicely off our major support area starting from 0.9843 (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish price action) and we expect a further bounce up to at least 0.9924 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,3,1) is seeing a nice bounce above 3.4% support and has good upside potential.

Buy above 0.9834. Stop loss is at 0.9787. Take profit is at 0.9924.

analytics5a3b1f160cb16.png

The material has been provided by InstaForex Company - www.instaforex.com