Buy EUR/CHF – 30M – BUY

The pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline upwards

An ascent up to the next resistance at 0.93694 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 0.92978 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart forms ‘Bullish Belt Hold’. this 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).

Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

Support & Resistance Price Range*
3rd High 0.93831
2nd High 0.93766
Next High 0.93694
Current Price 0.93229
Next Low 0.92978
2nd Low 0.92750
3rd Low 0.92550

0.93694 – 0.93766 – 0.93831 – 0.92978 – 0.93225 – 0.93113

Download EUR/CHF Signal Image

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