EUR/CHF – 30M – BUYThe combination moves from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 0.93416 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.94331 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.94116786 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.94331 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94787 |
| 2nd High | 0.94502 |
| Next High | 0.94331 |
| Current Price | 0.94187 |
| Next Low | 0.93416 |
| 2nd Low | 0.93330 |
| 3rd Low | 0.93279 |