Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards
A bearish trend down to the next support line at 0.90486 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.90709 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90768 |
| 2nd High | 0.90717 |
| Next High | 0.90709 |
| Current Price | 0.90697 |
| Next Low | 0.90486 |
| 2nd Low | 0.90314 |
| 3rd Low | 0.8988 |
0.90709 – 0.90668 – 0.90654 – 0.90486 – 0.90503 – 0.90314 —
0.90668 – 0.90731 —
63.520395285574 – 67.87064125238 —
– —
0.90709 – 1773765000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – – Rising Wedge Chart Pattern – – – – – – – –