USD/CHF – 1H – SELLThe pair jumps from the bullish trendline down.
A bearish descent down to the next support level at 0.86473 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.86996 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.86473 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 0.86996 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.86996 |
| Current Price | 0.86488 |
| Next Low | 0.86473 |
| 2nd Low | 0.86448 |
| 3rd Low | 0.86327 |