EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance line at 0.94021 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.93826 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish SBS White Lines’ candle pattern is existing. The chart forms ‘Bearish SBS White Lines’. 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 ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94193 |
| 2nd High | 0.94042 |
| Next High | 0.94021 |
| Current Price | 0.93979 |
| Next Low | 0.93826 |
| 2nd Low | 0.93716 |
| 3rd Low | 0.93650 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish SBS White Lines