EUR/CHF – 1H – SELLThe combination goes from the ascending trendline down.
A bearish movement down to the next support at 0.93547 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.94423 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.93724536 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.94423 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94787 |
| 2nd High | 0.94608 |
| Next High | 0.94423 |
| Current Price | 0.93940 |
| Next Low | 0.93547 |
| 2nd Low | 0.93484 |
| 3rd Low | 0.93320 |