EUR/CHF – 30M – SELLThe pair moves from the ascending trendline down.
A descending movement down to the next support line at 0.93902 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.94423 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
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 0.93734464 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.94423 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94787 |
| 2nd High | 0.94608 |
| Next High | 0.94423 |
| Current Price | 0.93907 |
| Next Low | 0.93902 |
| 2nd Low | 0.93642 |
| 3rd Low | 0.93547 |