USD/CHF – 1H – SELLThe combination goes from the ascending trendline down.
A descending movement down to the next support at 0.86231 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.87109 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.86231 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.87109 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.87109 |
| Current Price | 0.86356 |
| Next Low | 0.86231 |
| 2nd Low | 0.86139 |
| 3rd Low | 0.86064 |