EUR/CHF – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 0.93224 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.93549 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.93224 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.93549 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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