EUR/CHF – 30M – SELLThe currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.
A bearish descent down to the next support line at 0.93540 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.93846 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94278 |
| 2nd High | 0.94053 |
| Next High | 0.93846 |
| Current Price | 0.93785 |
| Next Low | 0.93540 |
| 2nd Low | 0.93489 |
| 3rd Low | 0.93423 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing