FX.co ★ Patterns EURCHF | Euro (EUR) to Swiss Franc (CHF) Rate in the Forex market

The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9361; the lower boundary 0.9354; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.9354 with a possible movements towards the 0.9339 level.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.9338 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -22 pips.

According to M30, EURCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.9378/0.9373 is broken out, the instrument is likely to move toward 0.9403.

According to the chart of M15, EURCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.9373 while the median line of the Neck is found at 0.9346/0.9366. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURCHF will go towards 0.9395

According to the chart of M15, EURCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9346 is likely to encourage a continuation of the downward trend.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9348 is likely to encourage a continuation of the downward trend.

According to the chart of M5, EURCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9356, the lower border is 0.9346. The signal means that a short position should be opened after fixing a price below the lower border 0.9346 of the Bearish Rectangle.

The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9375; the lower boundary 0.9370; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.9370 with a possible movements towards the 0.9355 level.

The Double Top pattern has been formed on EURCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9366 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the EURCHF M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.9366; the projection of the flagpole height is equal to 46 pips. In case the price breaks out the pattern’s bottom of 0.9366, the downtrend is expected to continue for further level 0.9336.