EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.92859 is expected.
Caution: A possible change in the direction of the resistance line at 0.93173 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93418 |
| 2nd High | 0.93193 |
| Next High | 0.93173 |
| Current Price | 0.93094 |
| Next Low | 0.92859 |
| 2nd Low | 0.92755 |
| 3rd Low | 0.92717 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows