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FX.co ★ Technical analysis of EUR/CHF for September 08, 2016

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Forex Analysis

2016-09-08T09:51:44
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Technical analysis of EUR/CHF for September 08, 2016

The price is right at the major support of 1.0900 (Fibonacci retracement, horizontal overlap support) and we look to buy above this level for small bounce to 1.0975.

Stochastic (21,5,3) is bouncing above the 13% support.

RSI (21) is bouncing above the previous support at 36%.Continue buying.

Technical analysis of EUR/CHF for September 08, 2016

Buy above 1.0900. Stop loss at 1.0875. Take profit 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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