EUR/CHF – 30M – SELLThe currency pair jumps from the ascending trendline down.
A bearish trend downwards to the next support level at 0.93866 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.95008 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.94335 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.95008 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95174 |
| 2nd High | 0.95035 |
| Next High | 0.95008 |
| Current Price | 0.94231 |
| Next Low | 0.93866 |
| 2nd Low | 0.93809 |
| 3rd Low | 0.93693 |