Buy USD/CHF – 4H – BUY

The currency pair US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline down.

The bearish trend downwards to the next support level at 0.87354 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at could occur.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.89574 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at could occur.
Consider stop-loss settings accordingly.

Support & Resistance Price Range*
3rd High
2nd High
Next High
Current Price 0.89944
Next Low 0.87354
2nd Low 0.87008
3rd Low 0.86147

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