EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards
A descending movement down to the next support at is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.93653 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.9279 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.93653 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93933 |
| 2nd High | 0.93697 |
| Next High | 0.93653 |
| Current Price | 0.92472 |
| Next Low | |
| 2nd Low | |
| 3rd Low |