USD/CHF – 1H – BUYThe combination breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 0.85176 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.84147 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85614 |
| 2nd High | 0.85495 |
| Next High | 0.85176 |
| Current Price | 0.84916 |
| Next Low | 0.84147 |
| 2nd Low | 0.83905 |
| 3rd Low | 0.83740 |