EUR/CHF right on support, buy now. - Forex247

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Wednesday, September 7, 2016

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.

analytics57cf75879a021.png

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

The material has been provided by InstaForex Company - www.instaforex.com

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