EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.93414 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.93184 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 0.93414 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93954 |
| 2nd High | 0.93621 |
| Next High | 0.93414 |
| Current Price | 0.93332 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93414 – 0.93621 – 0.93954 – 0.93237 – 0.93184 – 0.93372 — 51.504087607396 – 50.082269427656 — 79.968880562491 – 75.299151497571 – 75.928357921721 – 78.303026762442