USD/CHF – 30M – SELLThe combination goes from the bullish trendline down.
A bearish descent down to the next support level at 0.86296 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.86691 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.864165 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.86691 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86771 |
| 2nd High | 0.86694 |
| Next High | 0.86691 |
| Current Price | 0.86516 |
| Next Low | 0.86296 |
| 2nd Low | 0.86139 |
| 3rd Low | 0.86120 |