Buy EUR/CHF – 4H – BUY

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

A bullish trend up to the next resistance line at 0.93879 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.92978 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Northern Doji’ candle pattern is existing. 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Support & Resistance Price Range*
3rd High 0.94465
2nd High 0.93948
Next High 0.93879
Current Price 0.93450
Next Low 0.92978
2nd Low 0.92750
3rd Low 0.92216

0.93879 – 0.93948 – 0.94465 – 0.92978 – 0.93293 – 0.92750

Download EUR/CHF Signal Image

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