Buy EUR/CHF – 30M – BUY

The pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 0.93363 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.93742 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Support & Resistance Price Range*
3rd High 0.93831
2nd High 0.93766
Next High 0.93742
Current Price 0.93638
Next Low 0.93363
2nd Low 0.92978
3rd Low 0.92750

0.93742 – 0.93586 – 0.93504 – 0.93363 – 0.92978 – 0.93225

Download EUR/CHF Signal Image

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