EUR/CHF – 30M – SELLThe combination jumps from the ascending trendline downwards
A bearish descent down to the next support line at 0.94488 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.94978 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.9424291 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.94978 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95174 |
| 2nd High | 0.95080 |
| Next High | 0.94978 |
| Current Price | 0.94501 |
| Next Low | 0.94488 |
| 2nd Low | 0.94179 |
| 3rd Low | 0.94173 |