EUR/CHF – 30M – SELLThe currency pair jumps from the bullish trendline downwards
A descending movement downwards to the next support at 0.93855 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.94353 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.93961572 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.94353 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94787 |
| 2nd High | 0.94608 |
| Next High | 0.94353 |
| Current Price | 0.93913 |
| Next Low | 0.93855 |
| 2nd Low | 0.93800 |
| 3rd Low | 0.93732 |