EUR/CHF – 1H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support at will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.91506 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.91144628 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.91506 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Bearish Belt Hold’ candlestick pattern is existing. The chart forms ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.91506 – 0.91323 – 0.91414 – 0.91033 – 0.9105 – 0.91243 —
0.91376 – 0.91365 —
50.089167513721 – 47.444054062784 —
– —
0.91506 – 1772110800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold – Double top chart pattern – – – – – – – –