USD/CHF – 1H – BUYThe currency pair breaks through the descending trendline up.
A bullish trend up to the next resistance line at 0.87109 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 0.86157 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.86628 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.87109 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.87109 |
| Current Price | 0.86905 |
| Next Low | 0.86157 |
| 2nd Low | 0.86147 |
| 3rd Low | 0.86139 |