EUR/CHF – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.91037 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.91363 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.91037 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.91363 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.91363 – 0.91448 – 0.91608 – 0.91037 – 0.91163 – 0.9107 —
0.91185 – 0.91169 —
37.953734997726 – 43.254647771106 —
– —
0.91363 – 1771246800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –