USD/CHF – 1H – BUYThe pair US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.87706 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.88539 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.88539 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.88539 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88885 |
| 2nd High | 0.88794 |
| Next High | 0.88539 |
| Current Price | 0.88472 |
| Next Low | 0.87706 |
| 2nd Low | 0.87584 |
| 3rd Low | 0.87354 |