The EUR/CHF pair is approaching our first resistance at 1.1369 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing the price down to our major support at 1.1332 (61.8% Fibonacci retracement).
Stochastic (21,5,3) is also nearing resistance where we might see a drop in price.
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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