FX.co ★ EURCHF H1: Bearish Symmetrical Triangle

According to the chart of H1, EURCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9195/0.9212 and upper border is 0.9233/0.9212. The pattern width is measured on the chart at -38 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 0.9172.