USDCHF approaching resistance, potential drop!
USDCHF is approaching our first resistance at 0.9982 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 0.9910 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is seeing a bearish divergence and approaching resistance where a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is seeing a bearish divergence and approaching resistance where a reaction below this level might see a corresponding drop in price.
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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