USD/CHF – 1H – BUYThe pair breaks through the bearish trendline up.
A bullish movement upwards to the next resistance at 0.86857 is certain.
Caution: A possible counter-trend in the direction of the support zone at 0.86473 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.8673192 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.86857 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.86857 |
| Current Price | 0.86647 |
| Next Low | 0.86473 |
| 2nd Low | 0.86448 |
| 3rd Low | 0.86327 |