USD/CHF – 1H – SELLThe pair jumps from the bullish trendline downwards
A descent downwards to the next support at 0.83905 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.84897 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.84176994 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.84897 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85495 |
| 2nd High | 0.85176 |
| Next High | 0.84897 |
| Current Price | 0.84466 |
| Next Low | 0.83905 |
| 2nd Low | 0.83740 |
| 3rd Low |