EUR/CHF – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.93666 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.93666 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish SBS White Lines’ candlestick chart pattern is existing. The chart shows ‘Bearish SBS White Lines’. 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 probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94176 |
| 2nd High | 0.93879 |
| Next High | 0.93666 |
| Current Price | 0.93545 |
| Next Low | 0.93483 |
| 2nd Low | 0.93410 |
| 3rd Low | 0.93385 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines