Sell EUR/CHF – 1H – SELL

The pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline downwards

A bearish descent down to the next support level at 0.93603 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.93880 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 0.93990
2nd High 0.93967
Next High 0.93880
Current Price 0.93887
Next Low 0.93603
2nd Low 0.93363
3rd Low 0.93329

0.93880 – 0.93967 – 0.93990 – 0.93603 – 0.93608 – 0.93363

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