EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.92209 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.92306 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Tweezers Top’ candlestick chart pattern is found. The candles show ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93108 |
| 2nd High | 0.92578 |
| Next High | 0.92306 |
| Current Price | 0.92260 |
| Next Low | 0.92209 |
| 2nd Low | 0.92135 |
| 3rd Low | 0.91789 |
0.92306 – 0.92299 – 0.92301 – 0.92209 – 0.92135 – 0.91789 —
0.92245 – 0.92283 —
48.038531994584 – 53.028631770021 —
0.92209 – 1763424300 —
0.92306 – 1763418600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – – – –