EUR/CHF – 30M – SELL

The combination Euro/Swiss Franc (EUR/CHF) jumps from the descending trendline down.

A continuation of the downtrend down to the next support line at 0.93540 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.94190 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Tweezers Top’ candle chart pattern is existing. The candles show ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.94190 – 0.93870 – 0.93753 – 0.93540 – 0.93072 – 0.93915

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Tweezers Top