EUR/CHF – 30M – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 0.93027 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.93298 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.930765 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.93298 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Line Strike – Bearish’ candlestick pattern is detected. The candles show ‘Three Line Strike – Bearish’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Line Strike – Bearish