USD/CHF – 1H – BUYThe combination breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 0.85146 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.84512 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.85146 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.85146 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85614 |
| 2nd High | 0.85495 |
| Next High | 0.85146 |
| Current Price | 0.85101 |
| Next Low | 0.84512 |
| 2nd Low | 0.84488 |
| 3rd Low | 0.83905 |