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Tickmill
Feb 13, 2018 4:59 AM

EURCHF approaching major resistance, potential reversal Long

Euro Fx/Swiss FrancFXCM

Description


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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