EUR/CHF – 1H – BUYThe currency pair breaks through the descending trendline upwards
A bullish movement up to the next resistance at 0.93895 will persist.
Caution: A possible counter-trend in the direction of the support line at 0.93484 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94098 |
| 2nd High | 0.94060 |
| Next High | 0.93895 |
| Current Price | 0.94093 |
| Next Low | 0.93484 |
| 2nd Low | 0.93320 |
| 3rd Low | 0.93064 |