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Klimex

LONG EURCHF approaching support, potential bounce!

Long
Euro / Swiss Franc (FX:EURCHF)  
Klimex  
FX:EURCHF   Euro / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns EURUSD chf USDCHF USD eurlong eurshort eurtrade
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trendanalysis harmonicpatterns chartpattern eurusd chf usdchf usd eurlong eurshort eurtrade
EURCHF is approaching our first support at 1.1245 (horizontal swing low support, 100% Fibonacci extension , 61.8% Fibonacci retracement ) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1309 (61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
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