EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.93237 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93414 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.
There is also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93954 |
| 2nd High | 0.93621 |
| Next High | 0.93414 |
| Current Price | 0.93273 |
| Next Low | 0.93237 |
| 2nd Low | 0.93184 |
| 3rd Low | 0.93179 |
0.93414 – 0.93621 – 0.93954 – 0.93237 – 0.93184 – 0.93372 — 50.907639807589 – 42.441360342384 — 53.256649892164 – 49.863407620417 – 36.288849006897 – 44.841441009665