EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.94176 is certain.
Caution: A possible trend reversal in the direction of support at 0.93483 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.94094 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.94176 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94176 |
| Current Price | 0.94159 |
| Next Low | 0.93483 |
| 2nd Low | 0.93057 |
| 3rd Low | 0.92859 |