EUR/CHF – 30M – SELL

The combination Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline downwards

A bearish movement downwards to the next support at 0.92009 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.92165 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.92165 – 0.92071 – 0.92147 – 0.92009 – 0.91874 – 0.91871 —
0.92135 – 0.92102 —
56.764962980921 – 52.983323196838 —
– —
0.92165 – 1777285800

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