EURCHF is approaching our first resistance at 1.1446 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1247 (horizontal swing low support) Stochastic (55,5,3) is also approaching resistance and 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.