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 0.90229 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.90707 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.90707 – 0.90717 – 0.90984 – 0.90528 – 0.90558 – 0.90905 —
0.90465 – 0.90180 —
20.921427456981 – 26.337440960637 —
– —
0.90707 – 1772748000

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