EUR/CHF – 1H – BUYThe currency pair goes from the bullish trendline downwards
A descending movement down to the next support level at 0.93484 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.94608 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.94304032 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.94608 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94978 |
| 2nd High | 0.94787 |
| Next High | 0.94608 |
| Current Price | 0.93996 |
| Next Low | 0.93484 |
| 2nd Low | 0.93320 |
| 3rd Low | 0.93064 |