EUR/CHF – 1H – SELL

The combination Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support at 0.91033 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.91506 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.91033 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.91506 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.91506 – 0.91323 – 0.91414 – 0.91199 – 0.91033 – 0.9105 —
0.91253 – 0.91193 —
46.057077813508 – 39.341964198382 —
– —
0.91506 – 1772110800

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