EUR/CHF – 1H – SELLThe combination Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.93179 will persist.
Caution: A possible change in the direction of the resistance line at 0.93589 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Tweezers Top’ candlestick chart pattern is existing. The candles form ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94045 |
| 2nd High | 0.93865 |
| Next High | 0.93589 |
| Current Price | 0.93286 |
| Next Low | 0.93179 |
| 2nd Low | 0.93138 |
| 3rd Low | 0.93059 |
0.93589 – 0.93865 – 0.94045 – 0.93179 – 0.93567 – 0.93706 — 45.261240756244 – 39.687973254316 — 36.105132720277 – 42.754490862495 – 38.787568284946 – 34.748609043418
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top – – –