USD/CHF – 1H – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.8411557 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.85495 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87483 |
| 2nd High | 0.85614 |
| Next High | 0.85495 |
| Current Price | 0.84552 |
| Next Low | 0.84216 |
| 2nd Low | 0.83740 |
| 3rd Low |