EUR/CHF – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 0.91152 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.91424 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.91424 – 0.91293 – 0.91411 – 0.91152 – 0.90606 – 0.91037 —
0.91332 – 0.91319 —
48.992276526142 – 53.563086758742 —
– —
0.91424 – 1771606800

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