EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 0.93617 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.93057 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94176 |
| 2nd High | 0.93879 |
| Next High | 0.93617 |
| Current Price | 0.93604 |
| Next Low | 0.93057 |
| 2nd Low | 0.92859 |
| 3rd Low | 0.92709 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers