The common European currency has been in the spotlight recently, as the currency has reached long unobserved high levels. This event can also be observed on the EUR/CHF rate’s charts.
During the surge the pair broke previously mapped channels, extending the gains more than it was expected and pressing for a full review of the pair.
In general the rate has hit a combined resistance of two long term ascending channel patterns and began a decline.
The decline has taken the form of a narrow channel down pattern, which is set to encounter a lot of support, which means that the fall of the Euro against the Franc might soon end.
