USD/CHF – 1H – BUYThe currency pair moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 0.86415 is expected.
Caution: A possible change in the direction of resistance at 0.86691 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 0.8654532 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.86691 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.86694 |
| Next High | 0.86691 |
| Current Price | 0.86498 |
| Next Low | 0.86415 |
| 2nd Low | 0.86296 |
| 3rd Low | 0.86139 |