EUR/CHF – 1H – SELL

The pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards

A bearish movement down to the next support line at 0.91516 is certain.

Caution: A possible change in the direction of the resistance level at 0.91999 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.91999 – 0.91997 – 0.91685 – 0.91516 – 0.91482 – 0.91429 —
0.91775 – 0.92663 —
51.27726794611 – 74.709057689876 —
– —
0.91999 – 1774864800

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