The currency pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.92709 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.93933 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency 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 | 0.94423 |
2nd High | 0.93999 |
Next High | 0.93933 |
Current Price | 0.93725 |
Next Low | 0.92709 |
2nd Low | 0.92555 |
3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows