USD/CHF – 30M – SELLThe combination jumps from the bullish trendline down.
The bearish trend down to the next support at 0.85725 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.85977 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.854885 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.85977 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86633 |
| 2nd High | 0.86076 |
| Next High | 0.85977 |
| Current Price | 0.85733 |
| Next Low | 0.85725 |
| 2nd Low | 0.84997 |
| 3rd Low | 0.84901 |