Sell USD/CHF – 30M – SELL

The pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards

A bearish trend downwards to the next support level at 0.88650 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.89175 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.88573 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.89175 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Support & Resistance Price Range*
3rd High
2nd High
Next High 0.89175
Current Price 0.88788
Next Low 0.88650
2nd Low 0.87971
3rd Low 0.87510

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