EUR/CHF – 1H – SELLThe combination jumps from the bullish trendline down.
A bearish trend downwards to the next support at 0.93403 will continue.
Caution: A possible change in the direction of the resistance level at 0.93760 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.93403 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.93760 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94098 |
| 2nd High | 0.94060 |
| Next High | 0.93760 |
| Current Price | 0.93408 |
| Next Low | 0.93403 |
| 2nd Low | 0.93330 |
| 3rd Low | 0.93064 |