ChrisLaw1

EURCHF: Overbought Time To Short

Short
OANDA:EURCHF   Euro / Swiss Franc
Given the current resistance level coinciding with the 88% Fibonacci retracement, coupled with the stochastic indicator indicating overbought conditions, long-term investors might contemplate profit-taking. Should the price face rejection here, a potential pullback towards the support level aligning with the 38.2% Fibonacci retracement could ensue.




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