USDCHF testing resistance, could possibly drop

U.S. Dollar/Swiss Franc FX:USDCHF
Tickmill



Price is testing its 1st resistance (100% Fibonacci extension*2, horizontal swing high resistance, 38.2% Fibonacci retracement ) where it is expected to reverse down to its support (horizontal swing low support,61.8% % Fibonacci extension , 50% Fibonacci retracement ).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
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READ  USDCHF Short