The pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline downwards
A descending movement downwards to the next support level at 0.8988 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.90414 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.90212 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.90414 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90707 |
| 2nd High | 0.90544 |
| Next High | 0.90414 |
| Current Price | 0.90362 |
| Next Low | 0.8988 |
| 2nd Low | 0.89803 |
| 3rd Low |
0.90414 – 0.90544 – 0.90382 – 0.8988 – 0.90215 – 0.90179 —
0.90386 – 0.90423 —
52.471562803926 – 61.6867860749 —
– —
0.90414 – 1773423000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – – – – – – – – – –