EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 0.94053 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.93540 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 0.93846 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.94053 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94407 |
| 2nd High | 0.94278 |
| Next High | 0.94053 |
| Current Price | 0.94030 |
| Next Low | 0.93540 |
| 2nd Low | 0.93489 |
| 3rd Low | 0.93423 |