EUR/CHF – 1H – BUYThe combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.92555 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.93032 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Outside Up’ candlestick pattern is detected. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93262 |
| 2nd High | 0.93222 |
| Next High | 0.93032 |
| Current Price | 0.92785 |
| Next Low | 0.92555 |
| 2nd Low | 0.92045 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Up