EURCHF: Important Breakout & Bearish Outlook 🇪🇺🇨🇭

Short

Euro / Swiss Franc (OANDA:EURCHF)

OANDA:EURCHF Euro / Swiss Franc

Elliott Wave Candlestick Analysis Supply and Demand swing EURCHF euro swissfranc EUR forecast techincalanalysis signals

elliottwaves candlestick supplyanddemand swing eurchf euro swissfranc eur forecast techincalanalysis signals

snapshot

EURCHF was consolidating for 2 weeks, perfectly respecting 0.985 - 0.989 horizontal support.
It was finally broken last week and a daily candle successfully closed below that.
The broken structure turned into resistance now.

I will expect a bearish continuation from that at least to 0.975.

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