EUR/CHF – 30M – SELLThe currency pair goes from the descending trendline down.
A continuation of the downtrend downwards to the next support at 0.93403 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93731 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.93403 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.93731 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94024 |
| 2nd High | 0.93760 |
| Next High | 0.93731 |
| Current Price | 0.93427 |
| Next Low | 0.93403 |
| 2nd Low | 0.93330 |
| 3rd Low | 0.93279 |