EUR/CHF Price Prediction: Downside breakout from Triangle confirmed
Source Fxstreet
- EUR/CHF confirms its downside breakout from a Triangle pattern.
- It is likely to continue lower, especially given the bearish market action prior to the Triangle’s formation.
EUR/CHF cements its bearish breakout from a Triangle pattern and declines.
It has now fallen below the confirmation level for the pattern at 0.9339, the November 13 low, and will thus probably confirm more weakness down to the next downside target at 0.9132, the 61.8% Fibonacci extrapolation of the height of the Triangle lower.
EUR/CHF Daily Chart
The bearish trend prior to the formation of the Triangle (Since May 27) further tips the odds in favor of a downside evolution.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
5 analysts share comments on Qualcomm analyst dayInvesting.com -- Chipmaker Qualcomm (NASDAQ:QCOM) said it feels “positive” about working with President-elect Donald Trump's administration, indicating it was not worried that proposed US tariffs on China would negatively affect its business there. China accounts for nearly half of Qualcomm's revenue.
Investing.com -- Chipmaker Qualcomm (NASDAQ:QCOM) said it feels “positive” about working with President-elect Donald Trump's administration, indicating it was not worried that proposed US tariffs on China would negatively affect its business there. China accounts for nearly half of Qualcomm's revenue.
On-chain data shows the Bitcoin Puell Multiple is about to undergo a crossover that has historically been very bullish for BTC’s price.
Investing.com - Only 13% of organizations are fully ready to capture Artificial Intelligence’s (AI)potential, a slight decline from last year, Cisco Systems Inc (NASDAQ:CSCO) said on Tuesday citing its AI Readiness Index.
What's Happening to the AI Rally? Billionaire Investor Stanley Druckenmiller Just Exited Nvidia and Is Now Piling Into Bank Stocks.Artificial intelligence (AI) stocks have been all the rage this year, climbing the charts in hockey-stick-like fashion and reaching meteoric valuations. Some expect the rally to continue as interest rates decline and the Federal Reserve engineers a soft landing for the U.S. economy, in which inflation falls and a major recession is avoided.
Artificial intelligence (AI) stocks have been all the rage this year, climbing the charts in hockey-stick-like fashion and reaching meteoric valuations. Some expect the rally to continue as interest rates decline and the Federal Reserve engineers a soft landing for the U.S. economy, in which inflation falls and a major recession is avoided.
Dogecoin Influencer Drops Crucial Warning For DOGE Investors, You Could Lose Your Coins If You Don’t Do ThisPopular Dogecoin influencer Mishaboar has issued an urgent warning to all DOGE investors and the broader community. Mishaboar has revealed that investors stand to lose all their coins if they fail to retrieve their private keys from the defunct Dogechain.info platform.
Popular Dogecoin influencer Mishaboar has issued an urgent warning to all DOGE investors and the broader community. Mishaboar has revealed that investors stand to lose all their coins if they fail to retrieve their private keys from the defunct Dogechain.info platform.
Related Instrument
