EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish movement up to the next resistance level at 0.93617 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.93410 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish SBS White Lines’ candlestick chart pattern is found. The chart shows ‘Bearish SBS White Lines’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94176 |
| 2nd High | 0.93879 |
| Next High | 0.93617 |
| Current Price | 0.93599 |
| Next Low | 0.93410 |
| 2nd Low | 0.93385 |
| 3rd Low | 0.93057 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines