USD/CHF – 1H – SELLThe combination moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.86327 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.86691 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.864165 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.86691 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.86694 |
| Next High | 0.86691 |
| Current Price | 0.86551 |
| Next Low | 0.86327 |
| 2nd Low | 0.86296 |
| 3rd Low | 0.86139 |