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The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9546 is broken, the downward movement will continue.

According to the chart of M5, EURCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9465 and 0.9441 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 24 pips. Outlook: If the upper border 0.9465 is broken, the price is likely to continue its move by 0.9470.

The Bullish pennant graphic pattern has formed on the EURCHF M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.9480.

According to the chart of M15, EURCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.9377 while the median line of the Neck is found at 0.9345/0.9367. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURCHF will go towards 0.9399

According to M5, EURCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.9381/0.9377 is broken out, the instrument is likely to move toward 0.9392.