EUR/CHF – 30M – SELL
The combination jumps from the bullish trendline downwards
A bearish trend down to the next support level at 0.93891 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.94157 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.93928 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.94157 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.94177 |
2nd High | 0.94167 |
Next High | 0.94157 |
Current Price | 0.94001 |
Next Low | 0.93891 |
2nd Low | 0.93646 |
3rd Low | 0.93416 |