EUR/CHF – 4H – SELL

The combination Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.

A continuation of the downward movement down to the next support level at 0.92584 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.93262 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.92490568 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.93262 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows