EURCHF: Classic Bearish Patterns
I noticed two bearish price action patterns on the EURCHF chart. On the 4-hour time frame, the price has broken and closed below the support line of a rising wedge pattern.
Additionally, on the 1-hour time frame, the market has breached the neckline of a head and shoulders pattern.
I believe the pair is likely to continue declining, with the next resistance level at 0.9382.
Additionally, on the 1-hour time frame, the market has breached the neckline of a head and shoulders pattern.
I believe the pair is likely to continue declining, with the next resistance level at 0.9382.
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