EUR/CHF – 30M – BUYThe pair jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.93811 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.94055 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.9397 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.94055 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94287 |
| 2nd High | 0.94272 |
| Next High | 0.94055 |
| Current Price | 0.93846 |
| Next Low | 0.93811 |
| 2nd Low | 0.93668 |
| 3rd Low | 0.93444 |