EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline downwards
A descent down to the next support at 0.93578 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.94094 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94176 |
| Next High | 0.94094 |
| Current Price | 0.94002 |
| Next Low | 0.93578 |
| 2nd Low | 0.93538 |
| 3rd Low | 0.93483 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows