The combination Euro/Swiss Franc (EUR/CHF) moves from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.91431 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.91756 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92503 |
| 2nd High | 0.9178 |
| Next High | 0.91756 |
| Current Price | 0.91523 |
| Next Low | 0.91431 |
| 2nd Low | 0.91429 |
| 3rd Low | 0.8988 |
0.91756 – 0.9178 – 0.92503 – 0.91431 – 0.91587 – 0.91941 —
0.91550 – 0.91544 —
39.813499798813 – 42.612829511647 —
– —
0.91756 – 1778068800
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Bearish Engulfing – – – – – – – – –