USD/CHF – 30M – BUYThe combination US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.
A bullish ascent up to the next resistance at 0.89526 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.89172 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Current target is 0.8937298 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 0.89526 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89975 |
| 2nd High | 0.89914 |
| Next High | 0.89526 |
| Current Price | 0.89189 |
| Next Low | 0.89172 |
| 2nd Low | 0.89171 |
| 3rd Low | 0.89144 |