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FX.co ★ EUR/CHF approaching major support, buy now

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Forex Analysis:::2016-09-05T08:20:26

EUR/CHF approaching major support, buy now

Price is approaching major support at 1.0925 (a descending support line, horizontal overlap support, Fibonacci retracement) where we expect a bounce from to at least 1.0975.

Stochastics (21,5,3) is also approaching major support level at 13% where we expect a similar bounce from.

EUR/CHF approaching major support, buy now

Buy above 1.0925. Stop loss is at 1.0900. Take profit is at 1.0975.

Analyst InstaForex
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