EUR/CHF – 30M – 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 0.9006 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.90279 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.90279 – 0.90391 – 0.90467 – 0.9006 – 0.90087 – 0.9021 —
0.90326 – 0.90267 —
61.969725229157 – 50.435127814342 —
– —
0.90279 – 1773277200

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