Sell EUR/CHF – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 0.93412 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 0.93806 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern 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 0.94277
2nd High 0.94014
Next High 0.93806
Current Price 0.93613
Next Low 0.93412
2nd Low 0.93325
3rd Low 0.93072

0.93806 – 0.94014 – 0.94277 – 0.93412 – 0.93504 – 0.93325

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals