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Klimex
22 févr. 2019 02:12

USDCHF approaching resistance, potential drop! Short

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF is approaching our first resistance at1.0026(38.2% &50% Fibonacci retracement , 100% Fibonacci extension , horizontal overlap resistance) where we might see a drop in price to our first support at 0.9982 (100% Fibonacci extension , 61.8% Fibonacci retracement, horizontal swing low support ).

Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.



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