EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards
A descending movement down to the next support line at 0.94020 will persist.
Caution: A possible change in the direction of resistance at 0.94398 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Harami’ candlestick pattern is existing. The candles form ‘Bearish Harami’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 0.94398 |
| Current Price | 0.94102 |
| Next Low | 0.94020 |
| 2nd Low | 0.93952 |
| 3rd Low | 0.93814 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami