EUR/CHF – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.936075 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.94465 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
In addition a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95791 |
| 2nd High | 0.95001 |
| Next High | 0.94465 |
| Current Price | 0.94046 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.94465 – 0.94102 – 0.93259 – 0.93835 – 0.93054 – 0.92750