USD/CHF – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.85012922 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.85424 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85614 |
| 2nd High | 0.85495 |
| Next High | 0.85424 |
| Current Price | 0.85137 |
| Next Low | 0.84997 |
| 2nd Low | 0.84901 |
| 3rd Low | 0.84484 |