EUR/CHF – 30M – SELLThe currency pair goes from the ascending trendline downwards
A descending movement downwards to the next support at 0.93777 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.94123 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.93777 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.94123 could happen.
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 | 0.94123 |
| Current Price | 0.93831 |
| Next Low | 0.93777 |
| 2nd Low | 0.93668 |
| 3rd Low | 0.93444 |