EUR/CHF – 1H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 0.91434 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.91736 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.91736 – 0.92112 – 0.92354 – 0.91434 – 0.91633 – 0.91629 —
0.91645 – 0.91631 —
44.128236465403 – 47.667646842443 —
– —
0.91736 – 1769770800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – – – – – – – – –