Sell EUR/CHF – 1H – SELL

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

A continuation of the downtrend down to the next support at 0.92555 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.93021 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 0.93262
2nd High 0.93222
Next High 0.93021
Current Price 0.92977
Next Low 0.92555
2nd Low 0.92045
3rd Low

Download EUR/CHF Signal Image

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