EURCHF approaching support, potential bounce!

EURCHF is approaching our first support at 1.15436 (horizontal swing low support, 100% Fibonacci extension, 50%, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1636 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our support and a bounce off this level might see a corresponding rise in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

Chart PatternschfEUREURCHFeurchflongeurchfshortForexforexsignalsforextradingHarmonic PatternsTrend Analysis

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