EUR/CHF – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.93546054 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.93504 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93640 |
| 2nd High | 0.93537 |
| Next High | 0.93504 |
| Current Price | 0.93447 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93504 – 0.93537 – 0.93468 – 0.93256 – 0.93201 – 0.93353
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji