USD/CHF – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.846615 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.84897 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85495 |
| 2nd High | 0.85176 |
| Next High | 0.84897 |
| Current Price | 0.84775 |
| Next Low | 0.84147 |
| 2nd Low | 0.83905 |
| 3rd Low | 0.83740 |