EUR/CHF – 1H – SELLThe combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.93814 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.94278 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Harami’ candlestick chart pattern is discovered. The chart shows ‘Bearish Harami’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94407 |
| Next High | 0.94278 |
| Current Price | 0.94154 |
| Next Low | 0.93814 |
| 2nd Low | 0.93650 |
| 3rd Low | 0.93489 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami