USD/CHF – 1H – SELLThe pair jumps from the ascending trendline downwards
A descending movement downwards to the next support level at 0.85505 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.86413 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.85959 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.86413 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87769 |
| 2nd High | 0.87483 |
| Next High | 0.86413 |
| Current Price | 0.86097 |
| Next Low | 0.85505 |
| 2nd Low | 0.85299 |
| 3rd Low | 0.84997 |