EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 0.93639 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.93506 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93999 |
| 2nd High | 0.93933 |
| Next High | 0.93639 |
| Current Price | 0.93624 |
| Next Low | 0.93506 |
| 2nd Low | 0.93424 |
| 3rd Low | 0.93390 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Engulfing