EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline down.
A bearish descent downwards to the next support line at 0.93544 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.93778 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Meeting Lines’ candle pattern is found. The chart shows ‘Bearish Meeting Lines’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Meeting Lines’ heading down is 51% (Bull Market) & 53% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93933 |
| 2nd High | 0.93865 |
| Next High | 0.93778 |
| Current Price | 0.93586 |
| Next Low | 0.93544 |
| 2nd Low | 0.93358 |
| 3rd Low | 0.92755 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Meeting Lines