EUR/CHF – 30M – SELLAnd also a ‘Double bottom chart pattern’ chart formation is discovered. The formation shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The pair is likely to go up.
The combination Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards
The bearish trend down to the next support at 0.93875 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.94207 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Matching Low’ chart pattern is existing. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94374 |
| 2nd High | 0.94369 |
| Next High | 0.94207 |
| Current Price | 0.94149 |
| Next Low | 0.93875 |
| 2nd Low | 0.93629 |
| 3rd Low | 0.93603 |
0.94035 – 0.93880 – 0.93762 – 0.93875 – 0.93629 – 0.93603
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low