EURCHF Approaching Resistance, Potential Drop!
EURCHF is approaching our first resistance at 1.1601 (horizontal overlap resistance, 23.6% Fibonacci retracement, short term descending resistance line) and a strong reaction might occur below this level, pushing price down to our major support at 1.1537 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (34,5,3) is also approaching our resistance where a reaction below this level might see a corresponding drop in price.
Stochastic (34,5,3) is also approaching our resistance where a reaction below this level might see a corresponding drop in price.
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