The currency pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.92922 is expected.
Caution: A possible change in the direction of the resistance zone at 0.93242 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 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.92922 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.93242 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.93298 |
2nd High | 0.93255 |
Next High | 0.93242 |
Current Price | 0.92928 |
Next Low | 0.92922 |
2nd Low | 0.92768 |
3rd Low | 0.92696 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows