EUR/CHF – 30M – SELLThe currency pair moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.93416 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.94022 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.938305 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.94022 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94502 |
| 2nd High | 0.94331 |
| Next High | 0.94022 |
| Current Price | 0.93998 |
| Next Low | 0.93416 |
| 2nd Low | 0.93330 |
| 3rd Low | 0.93279 |