EUR/CHF – 30M – SELLThe currency pair goes from the bullish trendline down.
A descending movement down to the next support at 0.94325 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.94799 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.94371814 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.94799 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95080 |
| 2nd High | 0.94978 |
| Next High | 0.94799 |
| Current Price | 0.94418 |
| Next Low | 0.94325 |
| 2nd Low | 0.94179 |
| 3rd Low | 0.94173 |