EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 0.93263 is expected.
Caution: A possible counter-trend in the direction of the support zone at 0.92696 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93653 |
| 2nd High | 0.93440 |
| Next High | 0.93263 |
| Current Price | 0.93199 |
| Next Low | 0.92696 |
| 2nd Low | 0.92045 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers