EUR/CHF – 1H – BUYThe pair breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 0.94978 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 0.93809 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 0.94652 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.94978 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95659 |
| 2nd High | 0.95174 |
| Next High | 0.94978 |
| Current Price | 0.94763 |
| Next Low | 0.93809 |
| 2nd Low | 0.93693 |
| 3rd Low | 0.93064 |