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Euro / Swiss Franc
Long

EURCHF approaching major resistance, potential reversal

By Tickmill
Broker

EURCHF is approaching major resistance at 1.1560 (Fibonacci retracement, horizontal pullback resistance, descending resistance) and a strong reaction could occur at this level to push price down towards 1.1455 support (Fibonacci extension, horizontal swing low support).

Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.

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Chart PatternschfEUREURCHFeurchfbreakouteurchflongeurchfselleurchfshorteurchfsignalforexsignalsHarmonic PatternsTrend Analysis
Tickmill
Broker
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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