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FX.co ★ EURCHF M30: Bearish Rectangle

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Technical Analysis Patterns

24 March at 20:46 (UTC+0)
Signal strength 3 of 5

EURCHF M30: Bearish Rectangle

Bearish RectangleAccording to the chart of M30, EURCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9549 - 0.0000 and support 0.9528 – 0.9528. In case the resistance level 0.9528 - 0.9528 is broken, the instrument is likely to follow the bearish trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by EURCHF