FX.co ★ EURCHF M5: Bullish Flag

The Bullish Flag pattern has been formed on EURCHF at M5. The lower boundary of the pattern is located at 0.9372/0.9372, while the higher boundary lies at 0.9374/0.9374. The projection of the flagpole is 4 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.9374 is broken, the price will move further upwards.