USDCHF approaching support, potential bounce!
USDCHF is approaching our first support at 1.0018 (horizontal pullback support, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 1.0054 (38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding rise in price.
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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