USD/CHF – 30M – SELLThe currency pair moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.84940 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.85113 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 0.84963848 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.85113 should be noted.
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 | 0.85113 |
| Current Price | 0.85027 |
| Next Low | 0.84940 |
| 2nd Low | 0.84902 |
| 3rd Low | 0.84484 |