EUR/CHF – 1H – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.

A bullish ascent up to the next resistance line at 0.93806 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.93072 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Also there is a ‘Inverted Hammer’ candle chart pattern is detected. The chart shows ‘Inverted Hammer’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).

0.93806 – 0.94014 – 0.94277 – 0.93349 – 0.93412 – 0.93504

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Inverted Hammer –