USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) goes from the ascending trendline down.
A bearish movement downwards to the next support at 0.88589 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.88872 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.88890856 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.88872 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89175 |
| 2nd High | 0.88997 |
| Next High | 0.88872 |
| Current Price | 0.88713 |
| Next Low | 0.88589 |
| 2nd Low | 0.87971 |
| 3rd Low | 0.87510 |