EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.92696 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.93222 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish SBS White Lines’ candlestick pattern is found. The candles show ‘Bearish SBS White Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93298 |
| 2nd High | 0.93262 |
| Next High | 0.93222 |
| Current Price | 0.92712 |
| Next Low | 0.92696 |
| 2nd Low | 0.92045 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines