USDCHF approaching resistance, potential drop!

3 ต.ค. 2018

USDCHF is approaching our first resistance at 0.9868 (horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9742 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
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