EUR/CHF – 1H – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance line at 0.93878 will continue.
Caution: A possible change in the direction of the support zone at 0.93488 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ candle chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93999 |
| 2nd High | 0.93886 |
| Next High | 0.93878 |
| Current Price | 0.93853 |
| Next Low | 0.93488 |
| 2nd Low | 0.93390 |
| 3rd Low | 0.93320 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers