USD/CHF – 30M – SELLThe combination US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline down.
A bearish trend down to the next support level at 0.88207 is likely expected.
Caution: A possible change in the direction of resistance at 0.88619 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.88199216 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.88619 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88872 |
| 2nd High | 0.88815 |
| Next High | 0.88619 |
| Current Price | 0.88370 |
| Next Low | 0.88207 |
| 2nd Low | 0.88139 |
| 3rd Low | 0.88009 |