FX.co ★ EURCHF M5: Bearish Symmetrical Triangle

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9290/0.9294 and upper border is 0.9299/0.9294. The pattern width is measured on the chart at -9 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURCHF breaches the lower border, the price could continue its move toward 0.9279.