The currency pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.
A bullish trend up to the next resistance at 0.90467 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.9006 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ chart pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90707 |
| 2nd High | 0.90498 |
| Next High | 0.90467 |
| Current Price | 0.90489 |
| Next Low | 0.9006 |
| 2nd Low | 0.89803 |
| 3rd Low |
0.90467 – 0.90498 – 0.90469 – 0.9006 – 0.90087 – 0.9021 —
0.90262 – 0.90417 —
48.170397549657 – 61.856630943155 —
– —
0.90467 – 1773223200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers – – – – – – – – –