USD/CHF – 30M – BUYThe combination jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.86418 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.86694 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.86558536 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.86694 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.86771 |
| Next High | 0.86694 |
| Current Price | 0.86593 |
| Next Low | 0.86418 |
| 2nd Low | 0.86139 |
| 3rd Low | 0.86120 |