EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 0.93697 will continue.
Caution: A possible trend reversal in the direction of support at 0.93494 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93999 |
| 2nd High | 0.93933 |
| Next High | 0.93697 |
| Current Price | 0.93598 |
| Next Low | 0.93494 |
| 2nd Low | 0.93424 |
| 3rd Low | 0.93390 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers