USD/CHF – 1H – SELLThe currency pair jumps from the ascending trendline down.
A descending movement downwards to the next support line at 0.84216 is certain.
Caution: A possible change in the direction of the resistance level at 0.84984 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.84690416 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.84984 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85374 |
| 2nd High | 0.85185 |
| Next High | 0.84984 |
| Current Price | 0.84849 |
| Next Low | 0.84216 |
| 2nd Low | 0.83740 |
| 3rd Low |