USD/CHF above key support, turn bullish - Forex247

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Wednesday, December 14, 2016

USD/CHF above key support, turn bullish

We remain bullish above our 1.0118 support (Fibonacci retracement, Fibonacci projection, horizontal swing high support) where we expect a bounce towards at least 1.0177.

Stochastic (21,5,3) is seeing major support above the 6.5% level.

Buy above 1.0118. Stop loss at 1.0087. Take profit at 1.0177.

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