FX.co ★ Patterns EURCHF | Euro (EUR) to Swiss Franc (CHF) Rate in the Forex market

According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9754 and 0.9733 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 21 pips. Outlook: If the upper border 0.9754 is broken, the price is likely to continue its move by 0.9757.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9735/0.9746 and upper border is 0.9757/0.9746. The pattern width is measured on the chart at -22 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 0.9731.

The Double Top reversal pattern has been formed on EURCHF D1. Characteristics: the upper boundary 0.9847; the lower boundary 0.9565; the width of the pattern is 271 points. Sell trades are better to be opened below the lower boundary 0.9565 with a possible movements towards the 0.9525 level.

On the chart of EURCHF D1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9836; the lower boundary 0.9565; the width of the pattern 271 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9525 level.

The Double Bottom pattern has been formed on EURCHF M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.9780 is broken. The further movements will rely on the width of the current pattern 24 points.

According to the chart of M5, EURCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9822 and support 0.9818. In case the resistance level 0.9822 - 0.9822 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9800/0.9815 whereas the upper border goes across 0.9836/0.9815. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURCHF will breach the upper border to head for 0.9830.

On the chart of EURCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9774; the lower boundary 0.9765; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9750 level.

The Triple Bottom pattern has formed on the chart of EURCHF H1. Features of the pattern: The lower line of the pattern has coordinates 0.9775 with the upper limit 0.9775/0.9764, the projection of the width is 23 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.9752, the price is most likely to continue the upward movement.

According to the chart of M5, EURCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9752 is likely to encourage a continuation of the downward trend.