USDCHF facing bearish pressure, drop incoming!
Price is facing bearish pressure as it holds under 1st resistance at 0.92810 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci extension. Price may bearish from 1st resistance at 0.92810 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci extension towards the 1st support at 0.92413 in line with 61.8% Fibonacci retracement and 127% Fibonacci extension. Our bearish view is further supported by price holding below the EMA and MACD is shown to be holding below the 0 line. Otherwise price may continue to bullish towards 2nd resistance at 0.93083 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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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