EUR/CHF – 30M – BUY

The pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.

The bullish trend up to the next resistance line at 0.93943 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.93793 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.93943 – 0.94109 – 0.94129 – 0.93793 – 0.93599 – 0.93941 — 62.445075984333 – 63.060179684659 — 98.357550317512 – 98.781616618233 – 91.853765292577 – 96.968392351021

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Northern Doji – – –