USD/CHF – 30M – SELLThe combination jumps from the ascending trendline down.
A bearish movement down to the next support line at 0.88069 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.88360 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 0.88040928 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.88360 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.88360 |
| Current Price | 0.88247 |
| Next Low | 0.88069 |
| 2nd Low | 0.88025 |
| 3rd Low | 0.87510 |