The combination Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.
A bearish movement down to the next support line at 0.93059 will continue.
Caution: A possible change in the direction of the resistance level at 0.93492 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.9308326 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 0.93492 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9367 |
| 2nd High | 0.93558 |
| Next High | 0.93492 |
| Current Price | 0.93187 |
| Next Low | 0.93059 |
| 2nd Low | 0.92957 |
| 3rd Low | 0.92766 |
0.93492 – 0.93181 – 0.93257 – 0.93059 – 0.92957 – 0.92971 —
0.93209 – 0.93240 —
48.855665638921 – 54.812401210203 —
– —
0.93492 – 1768388400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – – Inverse Head and Shoulder chart pattern – – – – – – – –