EUR/CHF – 30M – BUYThe combination moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.94559 is certain.
Caution: A possible counter-trend in the direction of support at 0.94173 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.94525 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.94559 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95008 |
| 2nd High | 0.94642 |
| Next High | 0.94559 |
| Current Price | 0.94487 |
| Next Low | 0.94173 |
| 2nd Low | 0.94015 |
| 3rd Low | 0.93866 |