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USD/CHF at major resistance, prepare to sell

Price is now at major resistance 1.0177 (Fibonacci retracement, horizontal swing high resistance) where we expect a reaction from for a drop to at least 1.0115 support (Fibonacci retracement, horizontal pullback support).

Stochastic (21,5,3) is seeing major resistance below the 90% level.

Sell below 1.0177. Stop loss at 1.0215. Take profit at 1.0115.

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The material has been provided by InstaForex Company - www.instaforex.com