Sell USD/CHF – 30M – SELL

The pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline down.

A descent down to the next support line at 0.76707 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.78784 could occur.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.777455 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.78784 could occur.
Consider stop-loss settings accordingly.

Support & Resistance Price Range*
3rd High 0.79684
2nd High 0.79142
Next High 0.78784
Current Price 0.78211
Next Low 0.76707
2nd Low 0.76693
3rd Low 0.76665

0.78784 – 0.78134 – 0.76996 – 0.76707 – 0.76712 – 0.77315 —
0.78541 – 0.78369 —
62.261821736141 – 46.251587960657 —
– —
0.78784 – 1772542800

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