EURCHF is approaching our first support at 1.1581 (horizontal overlap support, 23.6%, 38.2%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1.1658 (horizonal swing high resistance, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching our support where a bounce off this level might see a corresponding rise in price.
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