EUR/CHF – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline downwards
A descent downwards to the next support at 0.93097 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93196 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93278 |
| 2nd High | 0.93238 |
| Next High | 0.93196 |
| Current Price | 0.93119 |
| Next Low | 0.93097 |
| 2nd Low | 0.93093 |
| 3rd Low | 0.93059 |
0.93196 – 0.9319 – 0.93186 – 0.93097 – 0.93106 – 0.93093 —
0.93213 – 0.93223 —
51.391608883188 – 55.40914491279 —
– —
0.93196 – 1767934800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – – Rising Wedge Chart Pattern – – – – – – – –