EUR/CHF – 1H – SELL

The pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 0.91037 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.91363 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.91363 – 0.91448 – 0.91687 – 0.91037 – 0.9107 – 0.91066 —
0.91395 – 0.91411 —
70.386450528576 – 55.906210135875 —
– —
0.91363 – 1771246800

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