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EURCHF holding below descending trendline! Potential drop!

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Euro / Franc Swiss (SAXO:EURCHF)  
TradeGATEHub  
SAXO:EURCHF   Euro / Franc Swiss
Trend Analysis Harmonic Patterns Chart Patterns EURCHF eurchfshort
31
0
trendanalysis harmonicpatterns chartpattern eurchf eurchfshort
EURCHF is holding below descending trendline resistance and 1st resistance at 1.08464. A further push down towards recent swing low and 1st support at 1.08225 can be expected. It is worth noting that price is also holding below EMA (34), showing bearish pressure in line with our analysis.

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