EUR/CHF – 30M – SELLThe combination jumps from the ascending trendline downwards
A bearish movement down to the next support line at 0.93907 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.94123 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.9389382 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.94123 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94287 |
| 2nd High | 0.94272 |
| Next High | 0.94123 |
| Current Price | 0.93918 |
| Next Low | 0.93907 |
| 2nd Low | 0.93777 |
| 3rd Low | 0.93668 |