USD/CHF – 30M – SELLThe pair goes from the bullish trendline down.
A bearish movement down to the next support line at 0.84147 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.84897 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.846615 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.84897 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85495 |
| 2nd High | 0.85176 |
| Next High | 0.84897 |
| Current Price | 0.84817 |
| Next Low | 0.84147 |
| 2nd Low | 0.83905 |
| 3rd Low | 0.83740 |