EUR/CHF – 1H – SELLThe combination goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.93668 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.94189 should be noted.
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 considered certain. Target of the current trend is 0.93911 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.94189 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94502 |
| 2nd High | 0.94378 |
| Next High | 0.94189 |
| Current Price | 0.94106 |
| Next Low | 0.93668 |
| 2nd Low | 0.93444 |
| 3rd Low | 0.93416 |