The combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 0.93494 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.93697 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.93424 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.93697 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.93999 |
2nd High | 0.93933 |
Next High | 0.93697 |
Current Price | 0.93532 |
Next Low | 0.93494 |
2nd Low | 0.93424 |
3rd Low | 0.93390 |