Currently, EUR/CHF is trading at 1.0554. After starting a downtrend on 26 March, the price has now formed a descending triangle pattern. As the price is about to touch the support level, it may rebound back after touching the support level. If it breaks resistance level at 1.0584, then the pair may come into an uptrend and then its first target will be at 1.0608.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat