EUR/CHF – 1H – SELL

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

A continuation of the downward movement downwards to the next support at is likely expected.

Caution: A possible change in the direction of resistance at 0.91424 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative 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%.

0.91424 – 0.91293 – 0.91411 – 0.91152 – 0.90606 – 0.91037 —
0.91368 – 0.91329 —
56.516455492652 – 46.026516895109 —
– —
0.91424 – 1771606800

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