EUR/CHF – 4H – SELLThe combination Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.92859 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.94176 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ candle chart pattern is existing. The candles show ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94176 |
| Current Price | 0.93992 |
| Next Low | 0.92859 |
| 2nd Low | 0.92555 |
| 3rd Low | 0.92045 |