USD/CHF – 30M – SELLThe currency pair goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 0.86473 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.86857 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.86592 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.86857 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.86857 |
| Current Price | 0.86698 |
| Next Low | 0.86473 |
| 2nd Low | 0.86448 |
| 3rd Low | 0.86327 |