EURCHF approaching resistance, potential drop!

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EURCHF is approaching our first resistance at 1.1480 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1247 (horizontal swing low support).
Stochastic (55,5,3) is also approaching our major resistance where we might see a corresponding drop in price should it react off this level.
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