EURCHF approaching resistance, potential drop!

EURCHF approaching resistance, potential drop!


EURCHF is approaching our first resistance at 1.1657 (horizontal swing high resistance, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.1591 (horizontal pullback support, 38.2% Fibonacci retracement, short term ascending support line).
RSI (89) is also seeing a bearish exit where we might see a corresponding drop in price.
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