EUR/CHF – 4H – SELL

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

A continuation of the downtrend down to the next support at 0.90944 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.92171 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.92171 – 0.93072 – 0.93492 – 0.90944 – 0.91442 – 0.91485 —
0.91373 – 0.91608 —
38.706610196537 – 42.589745415849 —
– —
0.92171 – 1770048000

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