FX.co ★ USD/CHF right on support, remain bullish

Price has dropped perfectly to our buying level. We remain bullish above 1.0071 support (Fibonacci retracement, horizontal support) for a push up to 1.0124 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (34) sees strong support above the 29% level and also sees bullish divergence vs price which signals a bounce is impending.

Buy above 1.0071. Stop loss at 1.0039. Take profit at 1.0124.