USD/CHF – 1H – SELLThe pair moves from the bullish trendline down.
A bearish movement down to the next support level at 0.88025 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.88360 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.87849296 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.88360 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.88360 |
| Current Price | 0.88254 |
| Next Low | 0.88025 |
| 2nd Low | 0.87008 |
| 3rd Low | 0.86196 |