USDCHF approaching resistance, potential drop!

2018년 6월 13일

USDCHF is approaching our first resistance at 0.9891 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.9840 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching our resistance and a reaction off this level might see a corresponding drop in price.
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