EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.93038 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.93298 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93407 |
| 2nd High | 0.93385 |
| Next High | 0.93298 |
| Current Price | 0.93041 |
| Next Low | 0.93038 |
| 2nd Low | 0.92768 |
| 3rd Low | 0.92696 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows