USD/CHF – 1H – SELLThe pair US Dollar/Swiss Franc (USD/CHF) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 0.87973 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.88868 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.87973 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.88868 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89574 |
| 2nd High | 0.88943 |
| Next High | 0.88868 |
| Current Price | 0.88296 |
| Next Low | 0.87973 |
| 2nd Low | 0.87971 |
| 3rd Low | 0.87008 |