EUR/CHF – 1H – SELL

The pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 0.91442 is certain.

Caution: A possible change in the direction of the resistance level at 0.91809 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.91809 – 0.9183 – 0.92171 – 0.91442 – 0.91584 – 0.91485 —
0.91622 – 0.91794 —
46.538136071044 – 54.082633462091 —
– —
0.91809 – 1770249900

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – Double bottom retreat down – – – – – – – –