EUR/CHF Continuation Pattern!

30 March 2021 | Updated: 30 March 2021

EUR/CHF trades higher at 1.1064 level after retesting some immediate support levels. The pair escaped from a continuation pattern, so now is somehow expected to resume its swing higher.

Still, we need confirmation before going long on this pair. The German Import Prices registered a 1.7% growth in February which is good for Euro. On the other hand, the Swiss Franc may drop further as long as the risk-on sentiment dominates the markets.

EUR/CHF Validates The Breakout!

EUR/CHF is located right below the 38.2% retracement level after registering a temporary decline to retest the symmetrical triangle’s resistance.

The pair tries to stabilize above the Pivot Point (1.1058) which could be seen as an upside signal after the price’s failure to reach the S1 (1.1022) in the last attempt. Technically, jumping and stabilizing above the 38.2% retracement level may signal a further upside movement.

EUR/CHF escaped from a symmetrical triangle and now it tries to validate the pattern and the upside breakout. Passing and stabilizing above 1.1094 immediate high could bring a long opportunity and could confirm a bullish momentum in the short term.

Conclusion! 

Anything could happen as long as EUR/CHF is traded under the 38.2% retracement level. That’s why we have to wait for a new higher high to indicate further growth ahead.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.