EUR/CHF – 1H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at 0.91451 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.91756 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.91431 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.91756 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Southern Doji’ chart pattern is found. The chart shows ‘Southern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.91756 – 0.91676 – 0.9178 – 0.91451 – 0.91489 – 0.91576 —
0.91715 – 0.91574 —
56.938753737456 – 44.699125108878 —
– —
0.91756 – 1778068800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji – – – – – – – – –