FX.co ★ USDCHF H1: Bearish Symmetrical Triangle

According to the chart of H1, USDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.7868/0.7896 and upper border is 0.7927/0.7896. The pattern width is measured on the chart at -59 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCHF breaches the lower border, the price could continue its move toward 0.7856.