EUR/CHF – 1H – SELLThe combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.93038 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.93298 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.927425 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.93298 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93653 |
| 2nd High | 0.93440 |
| Next High | 0.93298 |
| Current Price | 0.93041 |
| Next Low | 0.93038 |
| 2nd Low | 0.92768 |
| 3rd Low | 0.92696 |