EUR/CHF 4H Chart: Channel Down

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Today is the fifth day of EUR/CHF attempting to surpass the upper trend-line of the 189-bar long channel down pattern. Up to now, the pair has been able to leave the pattern's area for a few times but it did not manage to settle above this significant mark.
Currently, the pair of two European currencies is sitting at the corridor's ceiling and a breakout is likely given that more than two-thirds of market players on the SWFX are bullish on EUR/CHF. Meanwhile, technical numbers contradict to the SWFX sentiment, sending a ‘sell' signal for the medium-term.
© Dukascopy Bank SA
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