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USDCHF approaching resistance, potential drop!

Short
U.S. Dollar / Swiss Franc (FX:USDCHF)  
Tickmill Broker  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns USDCHF USD chf usdchflong usdchfshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdchf usd chf usdchflong usdchfshort forex forextrading forexsignals
USDCHF is approaching our first resistance at 1.0015 (61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal overlap resistance). where a strong drop might occur below this level pushing price down to our major support at 0.9956 (50% Fibonacci retracement, Horizontal swing low support).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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