EUR/CHF – 1H – BUY

The combination Euro/Swiss Franc (EUR/CHF) breaks through the descending trendline upwards

A bullish ascent upwards to the next resistance line at 0.91506 is likely expected.

Caution: A possible trend reversal in the direction of the support level at should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And 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 positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.91204628 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 0.91506 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Inverted Hammer’ candle pattern is discovered. The candles form ‘Inverted Hammer’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ heading up is 65% (Bull Market).

0.91506 – 0.91323 – 0.91414 – 0.90229 – 0.91199 – 0.91033 —
0.90586 – 0.90734 —
36.641572647611 – 49.727534549086 —
– —
0.91506 – 1772110800

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Inverted Hammer – – – – – – – – –