EUR/CHF – 1H – BUYThe pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance at 0.90467 is considered certain.
Caution: A possible trend reversal in the direction of support at 0.90179 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Engulfing’ candle pattern is found. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90707 |
| 2nd High | 0.90498 |
| Next High | 0.90467 |
| Current Price | 0.90495 |
| Next Low | 0.90179 |
| 2nd Low | 0.9006 |
| 3rd Low | 0.89803 |
0.90467 – 0.90498 – 0.90469 – 0.90179 – 0.9006 – 0.90087 —
0.90290 – 0.90513 —
44.814081015314 – 68.058385398767 —
0.90179 – 1773331200 —
0.90467 – 1773223200
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bullish Engulfing – – – – – – – – –