Additionally a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The combination Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline down.
A descending movement down to the next support line at 0.91066 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.91448 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91808 |
| 2nd High | 0.91687 |
| Next High | 0.91448 |
| Current Price | 0.91176 |
| Next Low | 0.91066 |
| 2nd Low | 0.90944 |
| 3rd Low |
0.91448 – 0.91687 – 0.91394 – 0.91066 – 0.91122 – 0.90944 —
0.91391 – 0.91269 —
48.392785680355 – 47.003605270706 —
– —
0.91448 – 1770973200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – – Symmetrical Triangle Chart Pattern – – – – – – – –