EUR/CHF – 30M – BUYCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.93723966 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.94407 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94407 |
| Current Price | 0.93959 |
| Next Low | 0.93906 |
| 2nd Low | 0.93578 |
| 3rd Low | 0.93538 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low