EUR/CHF – 1H – SELL

The combination Euro/Swiss Franc (EUR/CHF) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 0.93059 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.93455 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Collapsing Doji Star’ candlestick chart pattern is existing. The candles show ‘Collapsing Doji Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

0.93455 – 0.93806 – 0.94014 – 0.93059 – 0.93349 – 0.93412

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Collapsing Doji Star – Rising Wedge Chart Pattern