EUR/CHF – 1H – SELLThe currency pair moves from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 0.93320 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93761 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.9349464 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.93761 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94098 |
| 2nd High | 0.94060 |
| Next High | 0.93761 |
| Current Price | 0.93663 |
| Next Low | 0.93320 |
| 2nd Low | 0.93064 |
| 3rd Low |