EUR/CHF – 1H – BUYThe combination goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.93809 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.95035 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.94718288 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 0.95035 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95659 |
| 2nd High | 0.95174 |
| Next High | 0.95035 |
| Current Price | 0.94449 |
| Next Low | 0.93809 |
| 2nd Low | 0.93693 |
| 3rd Low | 0.93064 |