Klimex

USDCHF Approaching Resistance, Prepare For A Reversal

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF is approaching its resistance at 1.0122(61.8% & 100% Fibonacci extension , horizontal swing high resistance) where it is expected to reverse down to its support at 1.0022(50% Fibonacci retracement ).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
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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