EUR/CHF – 30M – SELLThe pair jumps from the ascending trendline down.
A descent downwards to the next support line at 0.93330 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.94331 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.9333 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.94331 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94787 |
| 2nd High | 0.94502 |
| Next High | 0.94331 |
| Current Price | 0.93475 |
| Next Low | 0.93330 |
| 2nd Low | 0.93279 |
| 3rd Low | 0.93064 |