EUR/CHF – 30M – SELL

The pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 0.92701 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.93021 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.92688548 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.93021 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down