EUR/CHF – 1H – BUY

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

An ascent up to the next resistance line at 0.92349 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.91769 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Latter Bottom’ chart pattern is discovered. The candles form ‘Latter Bottom’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).

0.92349 – 0.92328 – 0.92349 – 0.91769 – 0.91986 – 0.92153 —
0.91889 – 0.91852 —
41.133597943608 – 37.952606866095 —
– —
0.92349 – 1782903600

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Latter Bottom – – – – – – – – –