ICmarkets

EURCCHF testing resistance, potential reversal!

Short
FOREXCOM:EURCHF   Euro / Swiss Franc
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.

IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.