EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 0.93188 is expected.
Caution: A possible trend reversal in the direction of the support zone at 0.93066 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93255 |
| 2nd High | 0.93245 |
| Next High | 0.93188 |
| Current Price | 0.93161 |
| Next Low | 0.93066 |
| 2nd Low | 0.92911 |
| 3rd Low | 0.92887 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers