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 level at 0.91698 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.91918 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Bearish Engulfing’ candle pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.91918 – 0.9181 – 0.92053 – 0.91698 – 0.917 – 0.91587 —
0.91768 – 0.91878 —
39.055838129875 – 56.671766042932 —
0.91698 – 1776952800 —
0.91918 – 1776931200

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