USD/CHF – 30M – SELLThe currency pair moves from the bullish trendline downwards
The bearish trend down to the next support at 0.84512 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.85176 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.845405 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.85176 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85614 |
| 2nd High | 0.85495 |
| Next High | 0.85176 |
| Current Price | 0.84771 |
| Next Low | 0.84512 |
| 2nd Low | 0.84488 |
| 3rd Low | 0.83905 |