EUR/CHF – 1H – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.93494 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.93933 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. 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 | 0.93933 |
| Current Price | 0.93532 |
| Next Low | 0.93494 |
| 2nd Low | 0.93424 |
| 3rd Low | 0.93390 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows