EUR/CHF – 1H – SELL

The pair Euro/Swiss Franc (EUR/CHF) moves from the descending trendline downwards

A continuation of the downtrend down to the next support level at 0.91364 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.91572 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.91572 – 0.91756 – 0.91676 – 0.91364 – 0.91451 – 0.91489 —
0.91534 – 0.91545 —
46.052924243006 – 52.415579731532 —
– —
0.91572 – 1778166000

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