EUR/CHF – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.91584 is expected.

Caution: A possible change in the direction of the resistance line at 0.91809 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

There is also a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

There is also a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.91809 – 0.9183 – 0.92171 – 0.91584 – 0.91485 – 0.91809 —
0.91722 – 0.91774 —
50.018299349182 – 46.714922802736 —
– —
0.91809 – 1770249900

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – – – – – – – – –