USD/CHF – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.845255 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.85146 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85614 |
| 2nd High | 0.85495 |
| Next High | 0.85146 |
| Current Price | 0.84785 |
| Next Low | 0.83905 |
| 2nd Low | 0.83740 |
| 3rd Low |