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USDCHF approaching resistance, potential drop!

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Dollar A.S. / Franc Swiss (FX:USDCHF)  
easyMarkets Broker  
FX:USDCHF   Dollar A.S. / Franc Swiss
Trend Analysis Harmonic Patterns Chart Patterns USDCHF USD chf usdchflong usdchfshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdchf usd chf usdchflong usdchfshort forex forextrading forexsignals
USDCHF is approaching our first resistance at 0.9805 (horizontal pullback resistance, 23.6% Fibonacci retracement, 100%, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.9692 (100% Fibonacci extension).
RSI (89) is seeing a bearish exit and might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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