EUR/CHF – 1H – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.
A bearish movement down to the next support at 0.93483 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.93810 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.93585564 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.93810 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94176 |
| 2nd High | 0.93879 |
| Next High | 0.93810 |
| Current Price | 0.93734 |
| Next Low | 0.93483 |
| 2nd Low | 0.93057 |
| 3rd Low | 0.92859 |