USD/CHF – 1H – SELLThe pair jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.84512 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.85166 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85614 |
| 2nd High | 0.85495 |
| Next High | 0.85166 |
| Current Price | 0.84771 |
| Next Low | 0.84512 |
| 2nd Low | 0.84488 |
| 3rd Low | 0.83905 |