EUR/CHF – 30M – SELLThe combination Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards
A descent down to the next support level at 0.93463 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93886 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.93463 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.93886 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94423 |
| 2nd High | 0.93999 |
| Next High | 0.93886 |
| Current Price | 0.93518 |
| Next Low | 0.93463 |
| 2nd Low | 0.93320 |
| 3rd Low | 0.93279 |