USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline upwards
The bullish trend up to the next resistance at 0.88997 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.88246 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.88698 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.88997 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.89175 |
| Next High | 0.88997 |
| Current Price | 0.88950 |
| Next Low | 0.88246 |
| 2nd Low | 0.88207 |
| 3rd Low | 0.88139 |