USD/CHF – 30M – SELLThe combination jumps from the bullish trendline downwards
A descending movement down to the next support at 0.84488 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.85146 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.845255 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.85146 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85614 |
| 2nd High | 0.85495 |
| Next High | 0.85146 |
| Current Price | 0.84749 |
| Next Low | 0.84488 |
| 2nd Low | 0.83905 |
| 3rd Low | 0.83740 |