Ascending Triangle – Wait for breakout or reversal in EURCHF

EURCHF Analysis

EURCHF is moving in an Ascending Triangle pattern in the 4-hour timeframe chart.

EUR/CHF has reached the bottom level of the Ascending Triangle pattern.

Let’s wait for the confirmation of breakout or reversal.

Euro rises as Post Brexit deal closed smoothly and it will be more benefits for the Eurozone in trade areas and UK also little benefits.

Europe challenge corona virus

The second wave of Covid-19 increases and Vaccine distributions progress in another side, Vaccine curing is the only solution to overcome the Second wave.

Eurozone Manufacturing PMI slows down causes some worried and may come back in upcoming months is expected.

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