EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 0.93879 will continue.
Caution: A possible trend reversal in the direction of support at 0.93538 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.93666 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.93879 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94176 |
| Next High | 0.93879 |
| Current Price | 0.93702 |
| Next Low | 0.93538 |
| 2nd Low | 0.93483 |
| 3rd Low | 0.93410 |