USD/CHF – 1H – BUYThe pair breaks through the bearish trendline up.
The bullish trend upwards to the next resistance level at 0.85061 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 0.84488 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.85146 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.85061 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85495 |
| 2nd High | 0.85146 |
| Next High | 0.85061 |
| Current Price | 0.85033 |
| Next Low | 0.84488 |
| 2nd Low | 0.83905 |
| 3rd Low | 0.83740 |