EUR/CHF – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.90606 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.91293 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Engulfing’ candlestick pattern is existing. The chart shows ‘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 likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.91293 – 0.91411 – 0.91363 – 0.90606 – 0.91037 – 0.9107 —
0.91212 – 0.91366 —
46.497591691202 – 64.614792986844 —
– —
0.91293 – 1771534800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –