USD/CHF – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 0.84914184 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.84930 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85176 |
| 2nd High | 0.85159 |
| Next High | 0.84930 |
| Current Price | 0.84756 |
| Next Low | 0.84015 |
| 2nd Low | 0.83905 |
| 3rd Low | 0.83740 |