EUR/CHF – 1H – SELLThe combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 0.92911 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.93245 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.930695 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.93245 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93298 |
| 2nd High | 0.93255 |
| Next High | 0.93245 |
| Current Price | 0.93067 |
| Next Low | 0.92911 |
| 2nd Low | 0.92884 |
| 3rd Low | 0.92768 |