EUR/CHF – 30M – BUYThe currency pair jumps from the ascending trendline down.
A bearish trend downwards to the next support level at 0.93855 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.94353 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.94235472 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.94353 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94787 |
| 2nd High | 0.94608 |
| Next High | 0.94353 |
| Current Price | 0.94201 |
| Next Low | 0.93855 |
| 2nd Low | 0.93800 |
| 3rd Low | 0.93732 |