EUR/CHF – 30M – SELL

Additionally a ‘Double bottom chart pattern’ chart layout is discovered. The chart shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to go up.

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

A bearish descent downwards to the next support level at 0.93875 will continue.

Caution: A possible change in the direction of resistance at 0.94035 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.93819 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.94035 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Southern Doji’ candlestick pattern is existing. The chart shows ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.94035 – 0.93880 – 0.93762 – 0.93875 – 0.93629 – 0.93603

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji