Klimex

EURCHF Approaching Resistance, Potential Reversal

Short
FX:EURCHF   Euro / Swiss Franc
EURCHF is approaching its resistance at 1.1305 (100% Fibonacci extension x2, 38.2% & 61.8% Fibonacci retracement ) where it could potentially reverse to its support at 1.1247 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support).

Stochastic (21, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
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.