EUR/CHF – 1H – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 0.90606 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.91411 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.91411 – 0.91363 – 0.91448 – 0.90606 – 0.91037 – 0.9107 —
0.91227 – 0.91239 —
59.553287245818 – 57.81732519471 —
– —
0.91411 – 1771372800

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