EUR/CHF – 1H – SELLNext a ‘Double bottom chart pattern’ chart formation is detected. The chart forms ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to go up.
The combination Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.93608 is likely expected.
Caution: A possible change in the direction of resistance at 0.93967 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94207 |
| 2nd High | 0.93990 |
| Next High | 0.93967 |
| Current Price | 0.93825 |
| Next Low | 0.93608 |
| 2nd Low | 0.93363 |
| 3rd Low | 0.93329 |
0.93967 – 0.93990 – 0.93799 – 0.93608 – 0.93363 – 0.93329