The pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline downwards
A bearish descent down to the next support level at 0.93603 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.93880 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93990 |
| 2nd High | 0.93967 |
| Next High | 0.93880 |
| Current Price | 0.93887 |
| Next Low | 0.93603 |
| 2nd Low | 0.93363 |
| 3rd Low | 0.93329 |
0.93880 – 0.93967 – 0.93990 – 0.93603 – 0.93608 – 0.93363
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows