EUR/CHF – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 0.93121 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.93342 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Tweezers Top’ candlestick pattern is existing. The chart shows ‘Tweezers Top’. 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 success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.93342 – 0.93557 – 0.93497 – 0.93121 – 0.93356 – 0.93286 — 53.981894320659 – 50.057428050195 — 71.742128249227 – 69.061863936347 – 70.131054303313 – 70.231917862756

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