The pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 0.90707 will persist.
Caution: A possible change in the direction of the support level at 0.89831 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three White Soldiers’ chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90768 |
| 2nd High | 0.90717 |
| Next High | 0.90707 |
| Current Price | 0.90120 |
| Next Low | 0.89831 |
| 2nd Low | |
| 3rd Low |
0.90707 – 0.90717 – 0.90768 – 0.89831 – 0.90494 – 0.90492 —
0.90080 – 0.90032 —
35.691455508418 – 37.336529019817 —
– —
0.90707 – 1772748000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers – – – – – – – – –