EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.93358 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.93933 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.93999 |
| Next High | 0.93933 |
| Current Price | 0.93725 |
| Next Low | 0.93358 |
| 2nd Low | 0.92755 |
| 3rd Low | 0.92717 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing