Sell EUR/CHF – 1H – SELL

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

A continuation of the downtrend down to the next support level at 0.92922 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.93242 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Evening Star’ candle pattern is discovered. The candles form ‘Evening Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ heading down is 72% (Bull & Bear Market).

Support & Resistance Price Range*
3rd High 0.93298
2nd High 0.93255
Next High 0.93242
Current Price 0.93085
Next Low 0.92922
2nd Low 0.92768
3rd Low 0.92696

Download EUR/CHF Signal Image

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