EUR/CHF – 30M – SELL

The combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support line at 0.92852 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.93222 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.93057 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.93222 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down