EUR/CHF – 1H – SELL

The pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.

A bearish trend down to the next support level at 0.8988 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.90707 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this 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%.

0.90544 – 0.90467 – 0.90498 – 0.8988 – 0.90215 – 0.90179 —
0.90623 – 0.90638 —
66.615289454871 – 63.111922449122 —
– —
0.90544 – 1773378000

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