EURCHF approaching major resistance, potential drop in price!
EURCHF has bounced off its major resistance at 1.1567 (61.8%, Fibonacci extension , horizontal swing high resistance). A strong reaction could occur at this level, pushing price down to the next support level at 1.1483 (76.4% Fibonacci retracement , horizontal swing low support, 100% Fibonacci extension ).
Stochastic (55,5,3) is approaching major resistance at 96% along with a bearish divergence. A corresponding drop in price might occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (55,5,3) is approaching major resistance at 96% along with a bearish divergence. A corresponding drop in price might occur.
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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