EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 0.93578 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.93810 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.9381 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.93810 should be noted.
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 | 0.93752 |
| Next Low | 0.93578 |
| 2nd Low | 0.93538 |
| 3rd Low | 0.93483 |