Sell EUR/CHF – 1H – SELL

The combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support level at 0.92705 is expected.

Caution: A possible change in the direction of the resistance zone at 0.92972 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Tweezers Top’ candle pattern is discovered. The chart forms ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

Support & Resistance Price Range*
3rd High 0.93492
2nd High 0.93281
Next High 0.92972
Current Price 0.92857
Next Low 0.92705
2nd Low 0.92681
3rd Low 0.92577

0.92972 – 0.93281 – 0.93492 – 0.92705 – 0.92681 – 0.93076 —
0.92863 – 0.92882 —
43.272847172114 – 48.130216377652 —
– —
0.92972 – 1768816800

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