EUR/CHF – 30M – BUYThe currency pair moves from the bullish trendline down.
A descending movement down to the next support line at 0.93501 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.93844 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.937593 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 0.93844 should be noted.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94024 |
| 2nd High | 0.93895 |
| Next High | 0.93844 |
| Current Price | 0.93628 |
| Next Low | 0.93501 |
| 2nd Low | 0.93320 |
| 3rd Low | 0.93279 |