EUR/CHF – 1H – SELL

The combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.

A continuation of the downtrend down to the next support level at 0.93121 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.93342 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.93223896 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.93342 could happen.
Please make appropriate stop-loss settings in the case of a trade.

0.93342 – 0.93557 – 0.93497 – 0.93121 – 0.93356 – 0.93286 — 45.288460089071 – 41.345503003996 — 84.86996702913 – 70.563237346188 – 91.262413104449 – 84.313004081128

Trading Signals: FOREX – EUR – EUR/CHF – CHF – – Rising Wedge Chart Pattern – –