HomeContributorsTechnical AnalysisEUR/CHF 4H Chart: In Triangle

EUR/CHF 4H Chart: In Triangle

The previously described and mysterious support line on the EUR/CHF currency pair chart has done its work. However, another important trend line has been noticed.

The currency rate faces a resistance line, which is of similar scale than the previously described trend line. This trend line together with the previously described support are creating a medium scale triangle pattern.

However, to which side the pair will break out is quite unclear, as for that the larger scale situation should be looked at. Meanwhile, look up how to actually trade triangle patterns.

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Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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