EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.93489 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.94278 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Harami’ candle chart pattern is existing. The candles show ‘Bearish Harami’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.94407 |
| Next High | 0.94278 |
| Current Price | 0.93881 |
| Next Low | 0.93489 |
| 2nd Low | 0.93297 |
| 3rd Low | 0.93057 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Harami