EUR/CHF – 1H – BUYThe pair goes from the ascending trendline downwards
A bearish trend down to the next support at 0.93530 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.94098 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.94113212 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.94098 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94272 |
| 2nd High | 0.94123 |
| Next High | 0.94098 |
| Current Price | 0.93933 |
| Next Low | 0.93530 |
| 2nd Low | 0.93444 |
| 3rd Low | 0.93416 |