EUR/CHF – 1H – SELLThe combination Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.93837 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.94186 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Belt Hold’ chart pattern is found. The chart forms ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94398 |
| 2nd High | 0.94193 |
| Next High | 0.94186 |
| Current Price | 0.93911 |
| Next Low | 0.93837 |
| 2nd Low | 0.93826 |
| 3rd Low | 0.93716 |
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Belt Hold