The pair Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards
A descending movement down to the next support line at 0.92860 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.93385 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.92871584 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.93385 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.93440 |
2nd High | 0.93407 |
Next High | 0.93385 |
Current Price | 0.92998 |
Next Low | 0.92860 |
2nd Low | 0.92696 |
3rd Low | 0.92045 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows