The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.91769 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.91903 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92349 |
| 2nd High | 0.92106 |
| Next High | 0.91903 |
| Current Price | 0.91814 |
| Next Low | 0.91769 |
| 2nd Low | 0.91763 |
| 3rd Low | 0.91429 |
0.91903 – 0.92106 – 0.92106 – 0.91769 – 0.91805 – 0.91986 —
0.91863 – 0.91852 —
41.427729393568 – 42.06042103819 —
– —
0.91903 – 1783049400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – – – – – – – – – –