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USD/CHF bounces perfectly, remain optimistic for a further increase in — Forex Stock Trade




USD/CHF bounces perfectly, remain optimistic for a further increase in




The price has rebounded perfectly from the purchase of our region as expected. We remain optimistic looking to buy above a major support at 0.9578 (Fibonacci retracement, horizontal overlap of support, Fibonacci extension) for a rebound up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (55,3,1), it is to see a strong support above 3%, where we expect a further increase.

Buy above 0.9578. Stop loss at 0.9525. Take profit at 0.9675.



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