EUR/CHF – 1H – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 0.92709 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.93653 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93933 |
| 2nd High | 0.93697 |
| Next High | 0.93653 |
| Current Price | 0.93564 |
| Next Low | 0.92709 |
| 2nd Low | 0.92555 |
| 3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers