USD/CHF approaching support, potential bounce!

USDCHF is approaching our first support at 0.9817 where we might be seeing a bounce above this level.

Entry: 0.9817

Why it's good : Horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 0.9764

Why it's good : 61.8% Fibonacci retracement

Take Profit : 0.9904

Why it's good: horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension