ICmarkets

EURCHF Reversed Off Resistance, Potential Drop!

Short
FOREXCOM:EURCHF   Euro / Swiss Franc
EURCHF reversed off its resistance at 1.1422 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could drop further to its support at 1.1264 (horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.

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