FX.co ★ USD/CHF close to major resistance, prepare to sell

Price is approaching major resistance at 0.9820 (Fibonacci projection, Fibonacci retracement, horizontal resistance) where we expect a reaction from for a drop to 0.9710.

RSI (21) is seeing resistance below 71% and is also held below a descending resistance line signalling a bearish move is in progress.

Sell below 0.9820. Stop loss is at 0.9845. Take profit is at 0.9710.