USD/CHF testing major resistance, prepare to sell

The price is now testing major resistance at 0.9645 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level for a drop towards 0.9552 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is testing major resistance at 97% where we expect a drop from.

Sell below 0.9645. Stop loss at 0.9677. Take profit at 0.9552.


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