EUR/CHF – 30M – BUYAlso there is a ‘Double bottom chart pattern’ chart formation is discovered. The chart picture forms ‘Double bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.
The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
An ascent up to the next resistance line at 0.93967 is considered certain.
Caution: A possible change in the direction of the support line at 0.93629 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94207 |
| 2nd High | 0.93990 |
| Next High | 0.93967 |
| Current Price | 0.93937 |
| Next Low | 0.93629 |
| 2nd Low | 0.93603 |
| 3rd Low | 0.93363 |
0.93880 – 0.93762 – 0.93925 – 0.93629 – 0.93603 – 0.93608