Sell EUR/CHF – 1H – SELL

The currency pair jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 0.93320 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.93875 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.9343877 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.93875 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Support & Resistance Price Range*
3rd High 0.94098
2nd High 0.94060
Next High 0.93875
Current Price 0.93537
Next Low 0.93320
2nd Low 0.93064
3rd Low

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