EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.92922 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.93175 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.93010736 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.93175 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93298 |
| 2nd High | 0.93255 |
| Next High | 0.93175 |
| Current Price | 0.92984 |
| Next Low | 0.92922 |
| 2nd Low | 0.92768 |
| 3rd Low | 0.92696 |