USD/CHF – 1H – SELL
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.8411557 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.85495 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.87483 |
2nd High | 0.85614 |
Next High | 0.85495 |
Current Price | 0.84552 |
Next Low | 0.84216 |
2nd Low | 0.83740 |
3rd Low |