EUR/CHF – 4H – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish ascent up to the next resistance line at 0.93960 is likely expected.
Caution: A possible change in the direction of support at 0.93201 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.9396 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance line at 0.93960 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94465 |
| 2nd High | 0.94207 |
| Next High | 0.93960 |
| Current Price | 0.93936 |
| Next Low | 0.93201 |
| 2nd Low | 0.92926 |
| 3rd Low | 0.92750 |
0.93813 – 0.93906 – 0.93802 – 0.93201 – 0.92926 – 0.93133
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji