USD/CHF – 1H – BUYThe currency pair jumps from the bullish trendline down.
A descending movement down to the next support line at 0.86494 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.86996 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Current target is 0.86584922 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.86996 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.86996 |
| Current Price | 0.86582 |
| Next Low | 0.86494 |
| 2nd Low | 0.86473 |
| 3rd Low | 0.86448 |