EUR/CHF – 1H – BUYThe pair breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 0.94060 will persist.
Caution: A possible counter-trend in the direction of support at 0.93530 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.94113212 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.94060 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94123 |
| 2nd High | 0.94098 |
| Next High | 0.94060 |
| Current Price | 0.94015 |
| Next Low | 0.93530 |
| 2nd Low | 0.93444 |
| 3rd Low | 0.93416 |