EURCHF approaching support, potential bounce!

2019年3月12日

EURCHF is approaching our first support at 1.1369 (horizontal pullback support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.1406 (100% Fibonacci extension, horizontal swing high resistance). Ichmoku cloud is showing signs of bullish bias as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.