USD/CHF – 1H – BUYThe combination moves from the bullish trendline down.
A bearish trend downwards to the next support level at 0.84341 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.84940 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.8508082 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.84940 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85614 |
| 2nd High | 0.85495 |
| Next High | 0.84940 |
| Current Price | 0.84693 |
| Next Low | 0.84341 |
| 2nd Low | 0.84216 |
| 3rd Low | 0.83740 |