EUR/CHF – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 0.91489 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.91654 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candlestick pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.91654 – 0.91676 – 0.91675 – 0.91489 – 0.91576 – 0.91596 —
0.91587 – 0.91586 —
45.703343760869 – 47.09047359811 —
0.91489 – 1778005800 —
0.91654 – 1777998600

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