EUR/CHF – 30M – BUYThe combination moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.93950 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.94272 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.94076592 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.94272 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94378 |
| 2nd High | 0.94287 |
| Next High | 0.94272 |
| Current Price | 0.93978 |
| Next Low | 0.93950 |
| 2nd Low | 0.93668 |
| 3rd Low | 0.93444 |