USDCHF testing major resistance, potential for a strong reaction
USDCHF is testing major resistance at 1.0040 (Fibonacci extension, Fibonacci retracement, major swing high resistance) and a strong reaction could occur at this level to push prices all the way down to first major support at 0.9731 (Fibonacci retracement, horizontal overlap support).
Stochastic (89,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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