EUR/CHF – 30M – SELLThe pair goes from the ascending trendline downwards
The bearish trend downwards to the next support at 0.93501 is expected.
Caution: A possible change in the direction of resistance at 0.93895 could be enabled.
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 expected. Target of the current trend is 0.936075 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.93895 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94060 |
| 2nd High | 0.94024 |
| Next High | 0.93895 |
| Current Price | 0.93711 |
| Next Low | 0.93501 |
| 2nd Low | 0.93320 |
| 3rd Low | 0.93279 |