USDCHF approaching resistance, potential drop!
USDCHF is approaching our first resistance at 1.0096 (horizontal swing high resistance, 61.8% fiboancci extension, 78.6% fibonacci retracment) and a strong drop might occur pushing price down to our major support at 0.9965 (horizontal swing low support, 100% fiboancci extension, 23.6% fibonacci retracment).
Stochastic (55,5,3) is also approaching resistance and we 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 (55,5,3) is also approaching resistance and we 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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