USDCHF approaching resistance, potential drop!

26 มิ.ย. 2018

USDCHF is approaching our first resistance at 0.9890 (horizontal swing high resistance, 38.2% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 0.9725 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price.
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