USD/CHF – 1H – SELLThe combination goes from the ascending trendline downwards
A descending movement downwards to the next support at 0.86448 is considered certain.
Caution: A possible change in the direction of resistance at 0.86635 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.86495 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.86635 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86694 |
| 2nd High | 0.86691 |
| Next High | 0.86635 |
| Current Price | 0.86527 |
| Next Low | 0.86448 |
| 2nd Low | 0.86327 |
| 3rd Low | 0.86296 |