USD/CHF – 30M – BUY
The combination jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.86418 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.86694 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.86558536 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.86694 could occur.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 0.86771 |
Next High | 0.86694 |
Current Price | 0.86593 |
Next Low | 0.86418 |
2nd Low | 0.86139 |
3rd Low | 0.86120 |