Sell EUR/CHF – 4H – SELL

Besides a ‘Double bottom chart pattern’ chart pattern is detected. The chart forms ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to go up.

The pair Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline down.

A descent downwards to the next support at 0.93603 is certain.

Caution: A possible change in the direction of the resistance zone at 0.93990 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Support & Resistance Price Range*
3rd High 0.94465
2nd High 0.94207
Next High 0.93990
Current Price 0.94064
Next Low 0.93603
2nd Low 0.93201
3rd Low 0.92926

0.93990 – 0.93813 – 0.93906 – 0.93603 – 0.93201 – 0.92926

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