EUR/CHF – 1H – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards

An ascending movement upwards to the next resistance at 0.90544 is expected.

Caution: A possible reversal of the trend in the direction of the support line at 0.90179 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bullish Engulfing’ chart pattern is detected. The candles show ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.

0.90544 – 0.90467 – 0.90498 – 0.90179 – 0.9006 – 0.90087 —
0.90529 – 0.90335 —
65.76397377874 – 46.37554338542 —
– —
0.90544 – 1773378000

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