EURCHF facing bullish pressure

EURCHF facing bullish pressure for FX:EURCHF by FXCM

EURCHF facing bullish pressure



Prices are currently taking support from 1st support which coincides with 50% Fibonacci retracement and Fibonacci extension level. Prices might bounce to reach 1st resistance which coincides with the 50% Fibonacci extension level. If prices fall through the ascending trendline support, stop loss would be at the 2nd support which is in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension . MACD is also showing bullish signs for prices.

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