EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.92967 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.93193 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Engulfing’ chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93549 |
| 2nd High | 0.93418 |
| Next High | 0.93193 |
| Current Price | 0.93175 |
| Next Low | 0.92967 |
| 2nd Low | 0.92859 |
| 3rd Low | 0.92755 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing