EUR/CHF – 1H – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline downwards
A descending movement downwards to the next support level at 0.92709 is expected.
Caution: A possible change in the direction of resistance at 0.93879 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Harami’ candle chart pattern is existing. The candles form ‘Bullish Harami’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Harami’ heading up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94176 |
| Next High | 0.93879 |
| Current Price | 0.93004 |
| Next Low | 0.92709 |
| 2nd Low | 0.92555 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Harami