USD/CHF – 1H – SELLThe combination moves from the ascending trendline down.
A descending movement downwards to the next support level at 0.86448 is expected.
Caution: A possible change in the direction of the resistance level at 0.86691 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.86608828 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.86691 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.86694 |
| Next High | 0.86691 |
| Current Price | 0.86661 |
| Next Low | 0.86448 |
| 2nd Low | 0.86327 |
| 3rd Low | 0.86296 |