EUR/CHF – 1H – SELLThe pair jumps from the ascending trendline down.
The bearish trend down to the next support level at 0.93501 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.93895 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.9344305 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.93895 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94098 |
| 2nd High | 0.94060 |
| Next High | 0.93895 |
| Current Price | 0.93564 |
| Next Low | 0.93501 |
| 2nd Low | 0.93320 |
| 3rd Low | 0.93064 |