EURCHF approaching resistance, potential drop!

EURCHF is approaching our first resistance at 1.1446 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement) where 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 resistance and a reaction below this level might see a corresponding drop in price.
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