EUR/CHF – 30M – SELLThe currency pair moves from the bullish trendline downwards
A descending movement down to the next support line at 0.94457 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.95008 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.944505 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.95008 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95174 |
| 2nd High | 0.95035 |
| Next High | 0.95008 |
| Current Price | 0.94525 |
| Next Low | 0.94457 |
| 2nd Low | 0.94344 |
| 3rd Low | 0.93866 |