EUR/CHF – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.91442 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91809 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.91442 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.91809 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.91809 – 0.9183 – 0.92171 – 0.91442 – 0.91584 – 0.91485 —
0.91651 – 0.91641 —
46.452369220874 – 44.634749781644 —
– —
0.91809 – 1770249900

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low – Rising Wedge Chart Pattern – – – – – – – –