EUR/CHF – 1H – SELLThe pair moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 0.93064 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.94331 is also possible.
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 certain. Target of the current trend is 0.93768 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.94331 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94787 |
| 2nd High | 0.94502 |
| Next High | 0.94331 |
| Current Price | 0.93652 |
| Next Low | 0.93064 |
| 2nd Low | 0.92854 |
| 3rd Low | 0.92100 |