EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.93041 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.93600 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93933 |
| 2nd High | 0.93697 |
| Next High | 0.93600 |
| Current Price | 0.93568 |
| Next Low | 0.93041 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows