EUR/CHF – 30M – SELLThe combination goes from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.93983 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.94167 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.939665 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.94167 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94210 |
| 2nd High | 0.94177 |
| Next High | 0.94167 |
| Current Price | 0.94061 |
| Next Low | 0.93983 |
| 2nd Low | 0.93646 |
| 3rd Low | 0.93416 |