EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.
A bearish descent downwards to the next support line at 0.92852 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93262 could occur.
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. Current target is 0.93057 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.93262 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93385 |
| 2nd High | 0.93298 |
| Next High | 0.93262 |
| Current Price | 0.93041 |
| Next Low | 0.92852 |
| 2nd Low | 0.92768 |
| 3rd Low | 0.92696 |