USD/CHF – 30M – BUYThe currency pair goes from the ascending trendline down.
A bearish movement downwards to the next support line at 0.86296 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.86681 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.86694 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.86681 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86771 |
| 2nd High | 0.86694 |
| Next High | 0.86681 |
| Current Price | 0.86568 |
| Next Low | 0.86296 |
| 2nd Low | 0.86139 |
| 3rd Low | 0.86120 |