EUR/CHF – 30M – SELLMoreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.93323484 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.93468 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93713 |
| 2nd High | 0.93640 |
| Next High | 0.93468 |
| Current Price | 0.93311 |
| Next Low | 0.93201 |
| 2nd Low | 0.92926 |
| 3rd Low | 0.92750 |
0.93468 – 0.93640 – 0.93713 – 0.93201 – 0.93353 – 0.93342