EUR/CHF – 4H – BUY

The pair Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards

The bullish trend upwards to the next resistance line at 0.93262 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.92555 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.93528968 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93262 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers