FX.co ★ EURCHF M5: Bearish pennant

The Bearish pennant pattern has formed on the EURCHF M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.9301; the projection of the flagpole height is equal to 7 pips. In case the price breaks out the pattern’s bottom of 0.9301, the downtrend is expected to continue for further level 0.9286.