USD/CHF – 1H – SELLThe combination jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 0.86147 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.86449 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.86147 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.86449 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.87109 |
| Next High | 0.86449 |
| Current Price | 0.86285 |
| Next Low | 0.86147 |
| 2nd Low | 0.86139 |
| 3rd Low | 0.86064 |