EUR/CHF – 4H – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline up.

An ascending movement upwards to the next resistance at 0.93259 is considered certain.

Caution: A possible change in the direction of the support level at 0.91789 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bullish Engulfing’ candle chart pattern is found. The chart shows ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.

0.93259 – 0.92703 – 0.93103 – 0.91789 – 0.9258 – 0.92373 —
0.92933 – 0.93143 —
61.420673805903 – 69.152151469816 —
– —
0.93259 – 1762516800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Engulfing – Double bottom chart pattern – – – – – – – –