USD/CHF – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.84654096 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 0.85176 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85614 |
| 2nd High | 0.85495 |
| Next High | 0.85176 |
| Current Price | 0.84810 |
| Next Low | 0.84644 |
| 2nd Low | 0.84559 |
| 3rd Low | 0.84512 |