USD/CHF – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.86555176 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.86714 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.86857 |
| Next High | 0.86714 |
| Current Price | 0.86620 |
| Next Low | 0.86494 |
| 2nd Low | 0.86473 |
| 3rd Low | 0.86448 |