EUR/CHF – 4H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
An ascent upwards to the next resistance line at 0.94176 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.92859 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three White Soldiers’ candlestick pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94176 |
| Current Price | 0.94389 |
| Next Low | 0.92859 |
| 2nd Low | 0.92555 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers