Sell USD/CHF – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 0.77655 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.7848 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.77655 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 0.7848 could be enabled.
Consider stop-loss settings accordingly.

Support & Resistance Price Range*
3rd High 0.79339
2nd High 0.79247
Next High 0.7848
Current Price 0.77783
Next Low 0.77655
2nd Low 0.77649
3rd Low 0.77478

0.7848 – 0.78474 – 0.78183 – 0.77655 – 0.77709 – 0.77788 —
0.78082 – 0.77952 —
61.328534029863 – 47.584413335187 —
– —
0.7848 – 1777968000

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