EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.93766 is expected.
Caution: A possible change in the direction of resistance at 0.94157 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.937785 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.94157 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94193 |
| 2nd High | 0.94186 |
| Next High | 0.94157 |
| Current Price | 0.93968 |
| Next Low | 0.93766 |
| 2nd Low | 0.93371 |
| 3rd Low | 0.93297 |