EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline downwards
A descent down to the next support line at 0.93066 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.93194 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93255 |
| 2nd High | 0.93245 |
| Next High | 0.93194 |
| Current Price | 0.93152 |
| Next Low | 0.93066 |
| 2nd Low | 0.92911 |
| 3rd Low | 0.92887 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing