EUR/CHF Technical analysis
The counter is in a strong bearish trend making lower highs and lower lows consistently.
The recent surge in the counter can be attributed to a bearish flag pattern.
Now, the counter is in a confluence of resistance points - flag and trendline resistance.
Also, the RSI indicator lurking below the overbought zone.
Hence, we expect the pair to move down from here.
The recent surge in the counter can be attributed to a bearish flag pattern.
Now, the counter is in a confluence of resistance points - flag and trendline resistance.
Also, the RSI indicator lurking below the overbought zone.
Hence, we expect the pair to move down from here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.