USCHF approaching resistance, potential drop!

12 ก.ค. 2018

USDCHF is approaching our first resistance at 0.9965 (horizontal swing high resistance, 78.6% Fibonacci retracement) which coincides with our long term descending resistance line where a strong reaction might occur below this level pushing price down to our major support at 0.9907 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our resistance and we might see a corresponding drop in price.
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