EUR/CHF – 1H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.

A descent down to the next support line at 0.92753 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.93048 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Current target is 0.9283828 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.93048 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.93048 – 0.92961 – 0.92306 – 0.92753 – 0.92822 – 0.92068 —
0.92833 – 0.93072 —
43.837091784662 – 60.019007603916 —
– —
0.93048 – 1763658000

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – Double bottom retreat down – – – – – – – –