Buy EUR/CHF – 30M – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.

A bullish movement up to the next resistance level at 0.93666 is certain.

Caution: A possible trend reversal in the direction of the support line at 0.93410 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bullish Engulfing’ candle pattern is found. The chart shows ‘Bullish Engulfing’. 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 ‘Bullish Engulfing’ heading up is 63%.

Support & Resistance Price Range*
3rd High 0.94176
2nd High 0.93879
Next High 0.93666
Current Price 0.93604
Next Low 0.93410
2nd Low 0.93385
3rd Low 0.93057

Download EUR/CHF Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals