EURCHF approaching resistance, potential drop!

2018년 5월 14일

EURCHF is approaching our first resistance at 1.1955 (horizontal swing high resistance, 78.6% Fibonacci retracement) which coincides with our short term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1.1898 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching our major resistance and we might see a potential drop in price should it react off that level.
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