EUR/CHF – 30M – SELL

The currency pair Euro/Swiss Franc (EUR/CHF) jumps from the bullish trendline down.

A descent down to the next support line at 0.90682 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.91298 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bearish Engulfing’ candlestick pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.91298 – 0.90915 – 0.91023 – 0.90682 – 0.90727 – 0.90614 —
0.91184 – 0.91401 —
61.102926060745 – 66.723481122268 —
– —
0.91298 – 1773923400

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