EUR/CHF – 1H – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline downwards
A bearish trend down to the next support level at 0.93814 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.94278 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. 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 | 0.94407 |
| Next High | 0.94278 |
| Current Price | 0.94102 |
| Next Low | 0.93814 |
| 2nd Low | 0.93650 |
| 3rd Low | 0.93489 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows