EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 0.93262 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.92911 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 0.93073 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.93262 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93385 |
| 2nd High | 0.93298 |
| Next High | 0.93262 |
| Current Price | 0.93031 |
| Next Low | 0.92911 |
| 2nd Low | 0.92887 |
| 3rd Low | 0.92884 |