EUR/CHF – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.9021 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.90498 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.90498 – 0.90469 – 0.90707 – 0.9021 – 0.89803 – 0.89831 —
0.90407 – 0.90323 —
54.647949742835 – 41.947928694298 —
– —
0.90498 – 1773176400

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