EUR/CHF – 30M – SELLMoreover a ‘Double top chart pattern’ chart pattern is discovered. The formation shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to go down.
The currency pair Euro/Swiss Franc (EUR/CHF) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 0.93363 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.93493 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93813 |
| 2nd High | 0.93799 |
| Next High | 0.93493 |
| Current Price | 0.93459 |
| Next Low | 0.93363 |
| 2nd Low | 0.93329 |
| 3rd Low | 0.93256 |
0.93493 – 0.93799 – 0.93754 – 0.93363 – 0.93614 – 0.93608
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji