EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards
A bearish descent downwards to the next support level at 0.92701 will continue.
Caution: A possible change in the direction of resistance at 0.93021 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Evening Star’ candle pattern is existing. The candles form ‘Evening Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ going down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93222 |
| 2nd High | 0.93027 |
| Next High | 0.93021 |
| Current Price | 0.92717 |
| Next Low | 0.92701 |
| 2nd Low | 0.92584 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Evening Star