EUR/CHF – 1H – BUYThe combination breaks through the bearish trendline up.
An ascending movement up to the next resistance at 0.93895 is expected.
Caution: A possible counter-trend in the direction of the support zone at 0.93484 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.93895 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.93895 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94098 |
| 2nd High | 0.94060 |
| Next High | 0.93895 |
| Current Price | 0.93812 |
| Next Low | 0.93484 |
| 2nd Low | 0.93320 |
| 3rd Low | 0.93064 |