EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline downwards
A bearish descent downwards to the next support level at 0.93826 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.94021 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bullish Belt Hold’ candle pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94398 |
| 2nd High | 0.94193 |
| Next High | 0.94021 |
| Current Price | 0.93946 |
| Next Low | 0.93826 |
| 2nd Low | 0.93716 |
| 3rd Low | 0.93650 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Belt Hold