USD/CHF – 30M – SELLThe pair US Dollar/Swiss Franc (USD/CHF) jumps from the ascending trendline down.
A bearish trend down to the next support at 0.88246 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.88868 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89168 |
| 2nd High | 0.88943 |
| Next High | 0.88868 |
| Current Price | 0.88284 |
| Next Low | 0.88246 |
| 2nd Low | 0.88207 |
| 3rd Low | 0.88139 |