EURCHF is approaching our first resistance at 1.1657 (horizontal swing high resistance, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.1591 (horizontal pullback support, 38.2% Fibonacci retracement, short term ascending support line).
RSI (89) is also seeing a bearish exit 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.

Share this post: