USD/CHF approaching major resistance, prepare to sell

The price is approaching major resistance at 0.9591 (Multiple Fibonacci retracements, horizontal overlap resistance) and we expect a strong reaction off this level for a push down to at least 0.9490 support (Fibonacci retracement, horizontal support). Stochastic (34,5,3) is seeing major resistance at 97% where we expect a corresponding reaction similar to the one we’re […]