EUR/CHF – 30M – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance level at 0.93298 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.93027 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. 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 | 0.93407 |
| 2nd High | 0.93385 |
| Next High | 0.93298 |
| Current Price | 0.93224 |
| Next Low | 0.93027 |
| 2nd Low | 0.92768 |
| 3rd Low | 0.92696 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers