EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
An ascent upwards to the next resistance line at 0.93862 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.93488 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. 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 ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93999 |
| 2nd High | 0.93886 |
| Next High | 0.93862 |
| Current Price | 0.93751 |
| Next Low | 0.93488 |
| 2nd Low | 0.93390 |
| 3rd Low | 0.93320 |