USD/CHF right on major support, remain bullish

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The price is starting to bounce nicely off our major support area starting from 0.9843 (Fibonacci retracement, Fibonacci extension, horizontal swing low support, bullish price action) and we expect a further bounce up to at least 0.9924 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,3,1) is seeing a nice bounce above 3.4% support and has good upside potential.

Buy above 0.9834. Stop loss is at 0.9787. Take profit is at 0.9924.

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

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