EUR/CHF – 30M – SELLThe combination jumps from the ascending trendline down.
A bearish movement downwards to the next support at 0.93618 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93875 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.935975 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.93875 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94060 |
| 2nd High | 0.94024 |
| Next High | 0.93875 |
| Current Price | 0.93672 |
| Next Low | 0.93618 |
| 2nd Low | 0.93320 |
| 3rd Low | 0.93279 |