EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 0.93543 is considered certain.
Caution: A possible change in the direction of support at 0.93041 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘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 likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93697 |
| 2nd High | 0.93600 |
| Next High | 0.93543 |
| Current Price | 0.93509 |
| Next Low | 0.93041 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers