EUR/CHF – 1H – SELL

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

A continuation of the downward movement down to the next support line at 0.92884 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.93242 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing