The pair Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 0.93062 is certain.
Caution: A possible change in the direction of the resistance level at 0.93385 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 0.93064 |
Next Low | 0.93062 |
2nd Low | 0.92768 |
3rd Low | 0.92696 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows