USDCHF approaching resistance, potential drop!

27 มิ.ย. 2018

USDCHF is approaching our first resistance at 0.9918 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.9827 (horizontal overlap support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). A breakout below our intermediate support at 0.9856 (horizontal swing low support) might provide the bearish acceleration to our major support level.
Stochastic (55,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price.
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