USD/CHF – 30M – SELLThe pair jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.84295 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.84768 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.84295 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.84768 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85006 |
| 2nd High | 0.84940 |
| Next High | 0.84768 |
| Current Price | 0.84372 |
| Next Low | 0.84295 |
| 2nd Low | 0.84216 |
| 3rd Low | 0.83740 |