FX.co ★ EURCHF M5: Bearish Rectangle

According to the chart of M5, EURCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9344 - 0.0000 and support 0.9336 – 0.9336. In case the resistance level 0.9336 - 0.9336 is broken, the instrument is likely to follow the bearish trend.