USD/CHF – 30M – SELLThe combination jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.86231 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.87109 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.86231 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 0.87109 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.87109 |
| Current Price | 0.86359 |
| Next Low | 0.86231 |
| 2nd Low | 0.86139 |
| 3rd Low | 0.86120 |