EUR/CHF’s 4-hour chart shows a descending triangle pattern. A breakout could yield a re-test of recent highs. EUR/CHF is currently trading at 1.0781, representing a 0.20% gain in Asia. The pair, however, remains trapped in a descending triangle, as seen on the 4-hour chart. The RSI on the 4-hour chart is yet to exit a sideways channel. As such, the immediate bias remains neutral. A move above 1.0788 would confirm a triangle breakout and open the doors for a retest of 1.0839 – the Aug. 3 high – above which, the focus would shift to 1.0915 (June 5 high). On the downside, the area around 1.0735, which has recently acted as strong support, is the level to beat for the bears. 4-hour chart Trend: Bullish above Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZ FinMin Robertson: To extend mortgage scheme by 6 months, to end March 2021 FX Street 2 years EUR/CHF's 4-hour chart shows a descending triangle pattern. A breakout could yield a re-test of recent highs. EUR/CHF is currently trading at 1.0781, representing a 0.20% gain in Asia. The pair, however, remains trapped in a descending triangle, as seen on the 4-hour chart. The RSI on the 4-hour chart is yet to exit a sideways channel. As such, the immediate bias remains neutral. A move above 1.0788 would confirm a triangle breakout and open the doors for a retest of 1.0839 – the Aug. 3 high – above which, the focus would shift to 1.0915 (June 5 high). On… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
