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EURCHF approaching resistance, potential drop!

Short
Euro / Franco svizzero (FX:EURCHF)  
easyMarkets Broker  
FX:EURCHF   Euro / Franco svizzero
Trend Analysis Harmonic Patterns Chart Patterns EURCHF EUR chf eurchflong eurchfshort
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trendanalysis harmonicpatterns chartpattern eurchf eur chf eurchflong eurchfshort
EURCHF is approaching our first resistance at 1.1246 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1168 (horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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