The pair Euro/Swiss Franc (EUR/CHF) goes from the bullish trendline down.
A bearish movement down to the next support line at 0.93262 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.93432 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Southern Doji’ chart pattern is existing. The candles show ‘Southern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93501 |
| 2nd High | 0.93486 |
| Next High | 0.93432 |
| Current Price | 0.93538 |
| Next Low | 0.93262 |
| 2nd Low | 0.93165 |
| 3rd Low | 0.93118 |
0.93432 – 0.93486 – 0.93442 – 0.93262 – 0.93265 – 0.93165 —
0.93597 – 0.93647 —
69.015458815362 – 67.291666467043 —
– —
0.93432 – 1764752400
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Southern Doji – – – – – – – – –