Buy EUR/CHF – 30M – BUY

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.93784872 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.94103 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

Support & Resistance Price Range*
3rd High 0.94608
2nd High 0.94423
Next High 0.94103
Current Price 0.94025
Next Low 0.93506
2nd Low 0.93358
3rd Low 0.92755

Download EUR/CHF Signal Image

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