The pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 0.92207 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.92563 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Outside Down’ candle pattern is existing. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92784 |
| 2nd High | 0.92592 |
| Next High | 0.92563 |
| Current Price | 0.92495 |
| Next Low | 0.92207 |
| 2nd Low | 0.92023 |
| 3rd Low | 0.92017 |
0.92563 – 0.92592 – 0.92784 – 0.92207 – 0.92312 – 0.92023 —
0.92510 – 0.92535 —
49.967051731219 – 55.70730563903 —
– —
0.92563 – 1784228400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down – – – – – – – – –