USD/CHF – 30M – SELLThe pair goes from the ascending trendline downwards
A descent downwards to the next support at 0.84232 is considered certain.
Caution: A possible change in the direction of resistance at 0.84768 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.84414664 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 0.84768 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85006 |
| 2nd High | 0.84940 |
| Next High | 0.84768 |
| Current Price | 0.84565 |
| Next Low | 0.84232 |
| 2nd Low | 0.84216 |
| 3rd Low | 0.83740 |