ICmarkets

EURAUD Approaching Resistance, Potential Drop

Short
FX:EURCHF   Euro / Swiss Franc
EURCHF is approaching its resistance at 1.1341 (61.8% Fibonacci extension, 61.8%, 50% Fibonacci retracement, Horizontal swing high resistance) where it may drop to its support at 1.1246 (100% Fibonacci extension, Horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding drop may occur.

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