USD/CHF – 1H – SELLThe combination goes from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.84147 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.85159 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85495 |
| 2nd High | 0.85176 |
| Next High | 0.85159 |
| Current Price | 0.84681 |
| Next Low | 0.84147 |
| 2nd Low | 0.83905 |
| 3rd Low | 0.83740 |