EUR/CHF – 1H – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.

An ascending movement up to the next resistance level at 0.9181 is likely expected.

Caution: A possible trend reversal in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.91972 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.9181 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bearish SBS White Lines’ chart pattern is detected. The candles form ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.9181 – 0.92053 – 0.92321 – 0.91587 – 0.91625 – 0.91634 —
0.91668 – 0.91839 —
46.345441832676 – 54.146899237757 —
– —
0.9181 – 1776769200

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines – – – – – – – – –