EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.92766 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.93022 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93157 |
| 2nd High | 0.9306 |
| Next High | 0.93022 |
| Current Price | 0.92971 |
| Next Low | 0.92766 |
| 2nd Low | 0.92697 |
| 3rd Low | 0.92577 |
0.93022 – 0.9306 – 0.93157 – 0.92766 – 0.92697 – 0.92974 —
0.93011 – 0.93011 —
59.630487671928 – 59.55855344768 —
– —
0.93022 – 1767726000
Trading Signals: FOREX – EUR – EUR/CHF – CHF – – Rising Wedge Chart Pattern – – – – – – – –