Buy EUR/CHF – 30M – BUY

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.93785 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.93925 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 0.93990
2nd High 0.93967
Next High 0.93925
Current Price 0.93838
Next Low 0.93603
2nd Low 0.93363
3rd Low 0.93329

0.93762 – 0.93925 – 0.93967 – 0.93603 – 0.93608 – 0.93639

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