EUR/CHF – 1H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.93668 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.93875 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94378 |
| 2nd High | 0.94189 |
| Next High | 0.93875 |
| Current Price | 0.94050 |
| Next Low | 0.93668 |
| 2nd Low | 0.93444 |
| 3rd Low | 0.93416 |