EUR/CHF – 30M – SELLAdditionally a ‘Inverse Head and Shoulder chart pattern’ chart layout is existing. The formation shows ‘Inverse Head and Shoulder chart pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline downwards
The bearish trend down to the next support line at 0.93059 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.93244 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93558 |
| 2nd High | 0.93492 |
| Next High | 0.93244 |
| Current Price | 0.93214 |
| Next Low | 0.93059 |
| 2nd Low | 0.92957 |
| 3rd Low | 0.92932 |
0.93244 – 0.93191 – 0.93492 – 0.93059 – 0.93078 – 0.92957 —
0.93165 – 0.93240 —
46.646236231451 – 58.734652961172 —
– —
0.93244 – 1768474800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – – Inverse Head and Shoulder chart pattern – – – – – – – –