EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.
A descent downwards to the next support line at 0.92555 is certain.
Caution: A possible change in the direction of resistance at 0.93032 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Matching Low’ candle pattern is found. The chart shows ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93262 |
| 2nd High | 0.93222 |
| Next High | 0.93032 |
| Current Price | 0.92795 |
| Next Low | 0.92555 |
| 2nd Low | 0.92045 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low