EUR/CHF – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.93116908 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 0.93021 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93262 |
| 2nd High | 0.93222 |
| Next High | 0.93021 |
| Current Price | 0.92941 |
| Next Low | 0.92701 |
| 2nd Low | 0.92584 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers