USDCHF approaching resistance, potential drop!
USDCHF is approaching our first resistance at 0.9979 (61.8% fibonacci extension , 78.6% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur above this level pushing price down to our major support at 0.9924 (61.8% fibonacci extension, 76.4% fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
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