USD/CHF – 30M – SELLThe pair goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.86534 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.86742 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.86547072 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.86742 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.86857 |
| Next High | 0.86742 |
| Current Price | 0.86583 |
| Next Low | 0.86534 |
| 2nd Low | 0.86500 |
| 3rd Low | 0.86494 |