EUR/CHF – 1H – SELLThe currency pair jumps from the ascending trendline downwards
A bearish movement downwards to the next support level at 0.94015 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.94978 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.94080994 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.94978 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95174 |
| 2nd High | 0.95080 |
| Next High | 0.94978 |
| Current Price | 0.94173 |
| Next Low | 0.94015 |
| 2nd Low | 0.93809 |
| 3rd Low | 0.93693 |