The pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.91584 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.91809 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91945 |
| 2nd High | 0.9183 |
| Next High | 0.91809 |
| Current Price | 0.91716 |
| Next Low | 0.91584 |
| 2nd Low | 0.91485 |
| 3rd Low | 0.91451 |
0.91809 – 0.9183 – 0.91752 – 0.91584 – 0.91669 – 0.91485 —
0.91716 – 0.91808 —
53.598089289987 – 65.811162175965 —
– —
0.91809 – 1770249900
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –