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FX.co ★ EUR/CHF right on support, buy now.

EUR/CHF right on support, buy now.

Price is approaching major support once again at 1.0900 (Fibonacci retracement, horizontal overlap support) and we look to buy above this level for a small bounce to 1.0975.

Stochastics (34,5,3) is in an oversold zone signalling a reversal is approaching.

RSI (21) is right above ascending support signalling a bounce is impending.

EUR/CHF right on support, buy now.

Buy above 1.0900. Stop loss is at 1.0875. Take profit is at 1.0975.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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