USD/CHF – 30M – SELLThe pair goes from the bullish trendline down.
A descending movement down to the next support level at 0.84593 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.85159 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.846615 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.85159 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85495 |
| 2nd High | 0.85176 |
| Next High | 0.85159 |
| Current Price | 0.84679 |
| Next Low | 0.84593 |
| 2nd Low | 0.84147 |
| 3rd Low | 0.83905 |