The currency pair Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline down.
A descent downwards to the next support level at 0.91948 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.9218 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.
There is also a ‘Matching Low’ chart pattern is discovered. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92343 |
| 2nd High | 0.92281 |
| Next High | 0.9218 |
| Current Price | 0.92170 |
| Next Low | 0.91948 |
| 2nd Low | 0.91918 |
| 3rd Low | 0.91801 |
0.9218 – 0.92281 – 0.92343 – 0.91948 – 0.92095 – 0.92183 —
0.92159 – 0.92184 —
53.369775827741 – 64.728763200148 —
– —
0.9218 – 1781256600
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low – – – – – – – – –