EUR/CHF – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 0.90494 will persist.

Caution: A possible change in the direction of resistance at 0.90707 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.90707 – 0.90717 – 0.90768 – 0.90494 – 0.90492 – 0.90558 —
0.90663 – 0.90653 —
56.165044395839 – 52.130629247684 —
– —
0.90707 – 1772748000

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