EUR/CHF – 1H – SELL

The combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at is considered certain.

Caution: A possible change in the direction of the resistance level at 0.93806 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.93325 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.93806 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.93806 – 0.94014 – 0.94277 – 0.93412 – 0.93504 – 0.93325

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – Double top retreat up