easyMarkets
Short

EURCHF approaching resistance, potential drop!

FX:EURCHF   Euro / Swiss Franc
EURCHF is approaching our first resistance at 1.1260 (horizontal pullback resistance, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong drop might occur below this level to our major support at 1.1182 (horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure and RSI (21) is seeing a bearish exit.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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