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Klimex
Feb 28, 2019 2:44 AM

EURCHF approaching resistance, potential drop! Short

Euro Fx/Swiss FrancFXCM

Description

EURCHF is approaching our first resistance at 1.1393 (61.8 %Fibonacci extension, 78.6 Fibonacci retracement , horizontal swing high resistance) where we might see a drop in price to our first support at 1.1369 ( 61.8% Fibonacci extension , 38.2%Fibonacci retracement ).

Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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