EUR/CHF – 1H – SELLThe pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 0.92584 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.93222 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Engulfing’ chart pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93298 |
| 2nd High | 0.93262 |
| Next High | 0.93222 |
| Current Price | 0.92736 |
| Next Low | 0.92584 |
| 2nd Low | 0.92045 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing