EUR/CHF – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.94201916 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.94407 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candlestick chart pattern is found. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.94423 |
| Next High | 0.94407 |
| Current Price | 0.94049 |
| Next Low | 0.93906 |
| 2nd Low | 0.93578 |
| 3rd Low | 0.93538 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three White Soldiers