EUR/CHF – 30M – SELLThe combination goes from the ascending trendline down.
A bearish descent down to the next support level at 0.93764 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.94378 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.940265 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.94378 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94787 |
| 2nd High | 0.94502 |
| Next High | 0.94378 |
| Current Price | 0.94188 |
| Next Low | 0.93764 |
| 2nd Low | 0.93759 |
| 3rd Low | 0.93675 |