EURCHF approaching pivot, potential for reversal

EURCHF approaching pivot, potential for reversal for FX:EURCHF by FXCM

EURCHF approaching pivot, potential for reversal



Prices are approaching 78.6% Fibonacci retracement and 78.6% Fibonacci extension fibonacci confluence . Prices might reverse and push down towards horizontal swing low support in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement . If prices continue to push up, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension . Stochastics is also approaching resistance of 93.75 level, potential for reversal.

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