Tag Archives: headandshoulders

EUR/CHF: bullish reversal cancelled?

The EURCHF daily chart shows a head-and-shoulders like pattern after the trendline break. I recon that the H&S patter should show at the end of a prolonged uptrend not within the prior downleg. The ‘neckline’ of this pattern is close to the level of the trendline breakout which means that the loss of that support will trigger further downside.