EUR/CHF – 30M – BUYThe combination Euro/Swiss Franc (EUR/CHF) jumps from the ascending trendline down.
A bearish descent down to the next support level at 0.93506 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.94176 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94608 |
| 2nd High | 0.94423 |
| Next High | 0.94176 |
| Current Price | 0.94130 |
| Next Low | 0.93506 |
| 2nd Low | 0.93358 |
| 3rd Low | 0.92755 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers