USD/CHF – 30M – BUYThe pair moves from the ascending trendline down.
A descent down to the next support at 0.84940 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.85375 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 0.85375 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.85375 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85614 |
| 2nd High | 0.85495 |
| Next High | 0.85375 |
| Current Price | 0.85334 |
| Next Low | 0.84940 |
| 2nd Low | 0.84902 |
| 3rd Low | 0.84484 |