EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
The bullish trend up to the next resistance at 0.93233 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.92768 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candle pattern is found. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93440 |
| 2nd High | 0.93263 |
| Next High | 0.93233 |
| Current Price | 0.93234 |
| Next Low | 0.92768 |
| 2nd Low | 0.92696 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers