USD/CHF – 1H – BUYThe currency pair breaks through the descending trendline up.
A bullish trend up to the next resistance line at 0.84735 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.84015 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85159 |
| 2nd High | 0.84930 |
| Next High | 0.84735 |
| Current Price | 0.84693 |
| Next Low | 0.84015 |
| 2nd Low | 0.83905 |
| 3rd Low | 0.83740 |