EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards
The bearish trend downwards to the next support at 0.93062 will persist.
Caution: A possible change in the direction of the resistance line at 0.93233 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Evening Star’ candlestick pattern is found. The candles form ‘Evening Star’. this 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 probability of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93385 |
| 2nd High | 0.93263 |
| Next High | 0.93233 |
| Current Price | 0.93247 |
| Next Low | 0.93062 |
| 2nd Low | 0.92768 |
| 3rd Low | 0.92696 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Evening Star