EUR/CHF – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.93846 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.94053 could occur.
Consider stop-loss settings accordingly.
And also a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94407 |
| 2nd High | 0.94278 |
| Next High | 0.94053 |
| Current Price | 0.93960 |
| Next Low | 0.93540 |
| 2nd Low | 0.93489 |
| 3rd Low | 0.93423 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Engulfing