EUR/CHF – 30M – SELLIn addition a ‘Double top chart pattern’ chart formation is found. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline downwards
A continuation of the downtrend down to the next support at is expected.
Caution: A possible counter-trend in the direction of resistance at 0.93504 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93640 |
| 2nd High | 0.93537 |
| Next High | 0.93504 |
| Current Price | 0.93408 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93504 – 0.93537 – 0.93468 – 0.93256 – 0.93201 – 0.93353
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Matching Low