USD/CHF – 1H – SELLThe pair jumps from the bullish trendline downwards
A descending movement downwards to the next support level at 0.86327 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.86983 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.86431 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.86983 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.86996 |
| Next High | 0.86983 |
| Current Price | 0.86409 |
| Next Low | 0.86327 |
| 2nd Low | 0.86296 |
| 3rd Low | 0.86139 |