Sell below 1.1710. Stop loss 1.1775. Take profit at 1.1601. Reason for the trading strategy (technically): EURCHF is testing its resistance at 1.1710 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could react off, causing it to fall to its support at 1.1601 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reaction could occur.