USD/CHF – 1H – SELLThe pair moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.83905 is certain.
Caution: A possible change in the direction of the resistance zone at 0.84768 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.8428024 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.84768 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85495 |
| 2nd High | 0.84940 |
| Next High | 0.84768 |
| Current Price | 0.84562 |
| Next Low | 0.83905 |
| 2nd Low | 0.83740 |
| 3rd Low |