EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline downwards
A bearish trend downwards to the next support at 0.93506 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93999 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Three Line Strike – Bearish’ chart pattern is detected. The candles form ‘Three Line Strike – Bearish’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94608 |
| 2nd High | 0.94423 |
| Next High | 0.93999 |
| Current Price | 0.93980 |
| Next Low | 0.93506 |
| 2nd Low | 0.93358 |
| 3rd Low | 0.92755 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Line Strike – Bearish