EUR/CHF – 30M – SELL

The combination Euro/Swiss Franc (EUR/CHF) goes from the ascending trendline down.

A bearish trend down to the next support line at 0.90614 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.90984 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.90709 – 0.90668 – 0.90654 – 0.90614 – 0.90486 – 0.90503 —
0.90860 – 0.90934 —
73.370983607157 – 68.554334428229 —
– —
0.90709 – 1773765000

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