USD/CHF – 1H – BUYThe pair breaks through the bearish trendline upwards
An ascent up to the next resistance line at 0.85159 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.84147 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.84955794 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.85159 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85495 |
| 2nd High | 0.85176 |
| Next High | 0.85159 |
| Current Price | 0.84757 |
| Next Low | 0.84147 |
| 2nd Low | 0.83905 |
| 3rd Low | 0.83740 |