USD/CHF – 1H – SELLThe currency pair goes from the bullish trendline down.
A bearish descent downwards to the next support level at 0.86196 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.87742 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.869445 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.87742 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.87742 |
| Current Price | 0.87164 |
| Next Low | 0.86196 |
| 2nd Low | 0.86157 |
| 3rd Low | 0.86147 |