USD/CHF – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.84853124 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.85061 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85495 |
| 2nd High | 0.85146 |
| Next High | 0.85061 |
| Current Price | 0.84915 |
| Next Low | 0.84512 |
| 2nd Low | 0.84488 |
| 3rd Low | 0.83905 |