EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.92555 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.92753 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Falling Window’ chart pattern is existing. The chart forms ‘Falling Window’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93027 |
| 2nd High | 0.93021 |
| Next High | 0.92753 |
| Current Price | 0.92888 |
| Next Low | 0.92555 |
| 2nd Low | 0.92045 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Falling Window