EURCHF, BEAR-WAVE Structures, EURO Rate-Gaps, Next BEARISH FLAG!

Hello There!

Welcome to my new analysis about the EURCHF on several timeframe perspectives. The EURCHF recently completed several continued Bear-Flag-Formations with continued bearish price extensions and several moves to the downside. These volatility developments are omnipresent and there is a high probability that within such an price action the continuation is likely to show up within the next times. Especially considering the dynamic with the EURUSD still forming a massive ascending-wedge with a likely bearish breakout to emerge and the EXY, Euro Currency Index actually forming a very similar formation once the ascending-wedge within the EURUSD and the EXY have been completed it will confirm a bearish inclination for EURCHF as well.

Within the chart EURCHF is now forming the next major bear-flag-formation with the descending-trend-line within the chart and once this descending-trend-line is touched again as EURCHF did already before the bearish breakout to the downside as it has been formed with the completions of the bear-flags before will be almost inevitable. Once the bear-flag has been completed it will be highly determining on how the bearish momentum actually shows up because if EURCHF should show up with a major bearish wave below the still remaining support zones there this will actually activate the much larger descending-triangle formation and will complete it with the final breakout below the support zones. Such a completion will activate targets below the 0.8 area.

In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.

VP

Comment:

ANALYSIS UPDATE: EURCHF bearishly massively and completed the Bear-Flag-Formation with a massive breakout.

Comment:

ANALYSIS UPDATE: Within the next times EURCHF is going to approach the remaining support zones.

According to the momentum a huge breakout below these zones is likely to settle.

Comment:

NEWS UPDATE: Higher interest rates implemented by the ECB and the stagnation in many Eurozone countries put a lot of bearish pressure on the Euro Index.

This is converting into EURCHF with the Euro being bearishly inclined against the CHF, especially with continued inflation rates over the money supply level.

Comment:

ANALYSIS UPDATE: EURCHF is printing one lower low after the other. This means that a much larger bearish price-action-spike is going to follow up within the next times.

Comment:

ANALYSIS UPDATE: EURCHF moved on with increasing the massive volatility within the range to retest important previous levels.

EURCHF is now setting up a decisive wave-breakout acceleration to emerge in the upcoming times.