EUR/CHF – 30M – SELLThe currency pair moves from the bullish trendline downwards
A bearish trend down to the next support at 0.93691 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.94189 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.9361982 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.94189 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94287 |
| 2nd High | 0.94210 |
| Next High | 0.94189 |
| Current Price | 0.93796 |
| Next Low | 0.93691 |
| 2nd Low | 0.93444 |
| 3rd Low | 0.93416 |