USD/CHF – 30M – BUYThe currency pair goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 0.85505 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.86413 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.86413 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.86413 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86771 |
| 2nd High | 0.86633 |
| Next High | 0.86413 |
| Current Price | 0.86248 |
| Next Low | 0.85505 |
| 2nd Low | 0.85299 |
| 3rd Low | 0.84997 |