EUR/CHF – 30M – SELLThe combination goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.93866 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.94787 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.93999 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.94787 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94978 |
| 2nd High | 0.94799 |
| Next High | 0.94787 |
| Current Price | 0.93989 |
| Next Low | 0.93866 |
| 2nd Low | 0.93809 |
| 3rd Low | 0.93693 |