EURCHF: Symmetrical Triangle

EURCHF, Daily

In the Daily timeframe, EURCHF formed a symmetrical triangle pattern. The price was squeezed between two critical levels, with indicators giving extremely mixed signals.

• A break of the upper trend line and MA50 above 0.9420 will open the way to 0.9490;

• A break of the lower trendline below 0.9370 will continue the decline to 0.9300;