EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 0.93483 is certain.
Caution: A possible change in the direction of the resistance zone at 0.94407 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Harami’ chart pattern is found. The chart forms ‘Bearish Harami’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94407 |
| Current Price | 0.93996 |
| Next Low | 0.93483 |
| 2nd Low | 0.93057 |
| 3rd Low | 0.92859 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami