EUR/CHF – 1H – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 0.93862 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.93390 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. 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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93999 |
| 2nd High | 0.93886 |
| Next High | 0.93862 |
| Current Price | 0.93722 |
| Next Low | 0.93390 |
| 2nd Low | 0.93320 |
| 3rd Low | 0.93064 |