EUR/CHF – 4H – SELL

The pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.

A continuation of the downward movement downwards to the next support at 0.90944 is expected.

Caution: A possible change in the direction of the resistance level at 0.91687 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.91687 – 0.92171 – 0.93072 – 0.90944 – 0.91442 – 0.91485 —
0.91374 – 0.91199 —
44.230963906285 – 39.471834442691 —
– —
0.91687 – 1770825600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – – – – – – – – –