FX.co ★ USD/CHF right on major resistance, time to sell

Price is now testing our major selling area resistance at 0.9881 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction from this level to push price down to at least 0.9738 support (Fibonacci retracement, horizontal swing low support, price gap).

Stochastic (34,3,1) is seeing major resistance at 97% where we expect a corresponding drop from.

Sell below 0.9881. Stop loss at 0.9948. Take profit at 0.9738.