EUR/CHF – 1H – SELL

The combination Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 0.91451 is certain.

Caution: A possible change in the direction of the resistance line at 0.9178 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ candle pattern is existing. 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’ going down is 79%.

0.91676 – 0.9178 – 0.91775 – 0.91451 – 0.91489 – 0.91576 —
0.91542 – 0.91654 —
42.856048779198 – 49.947371161173 —
– —
0.91676 – 1777971600

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