USD/CHF – 30M – SELLThe currency pair goes from the bullish trendline down.
A bearish movement down to the next support level at 0.86534 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.86996 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.86494 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 0.86996 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.86996 |
| Current Price | 0.86536 |
| Next Low | 0.86534 |
| 2nd Low | 0.86500 |
| 3rd Low | 0.86494 |