EUR/CHF approaching support, potential bounce!

The EUR/CHF pair is approaching our first support at 1.1306 (horizontal swing low support, 100%, Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.1339 (horizontal swing high resistance, 38.2% Fibonacci retracement).

Stochastic (34,5,3) is also nearing our support where we might see a bounce in the price.

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

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