USDCHF is approaching our first resistance at 1.0027 (horizontal overlap resistance, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.9955 (horizontal pullback support, 76.4% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Chart PatternschfForexforextradingHarmonic PatternsTrend AnalysisUSDUSDCHFusdchflongusdchfshort

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