Buy EUR/CHF – 30M – BUY

The pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards

An ascending movement up to the next resistance line at 0.93666 is expected.

Caution: A possible counter-trend in the direction of the support level at 0.93410 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Bullish Engulfing’ chart pattern is existing. The candles show ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

Support & Resistance Price Range*
3rd High 0.94176
2nd High 0.93879
Next High 0.93666
Current Price 0.93604
Next Low 0.93410
2nd Low 0.93385
3rd Low 0.93057

Download EUR/CHF Signal Image

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