EUR/CHF – 1H – SELL

The pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 0.93488 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.93878 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.93533724 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.93878 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows