USD/CHF – 30M – SELLThe combination jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.86327 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.86983 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.86367 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.86983 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.86996 |
| Next High | 0.86983 |
| Current Price | 0.86339 |
| Next Low | 0.86327 |
| 2nd Low | 0.86296 |
| 3rd Low | 0.86139 |