Emerging Channel Up pattern in its final wave was identified on the EURCHF 1 hour chart. After a strong bullish run, we find EURCHF heading towards the upper triangle line with a possible resistance at 0.9478. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
After testing the resistance line numerous times, EURCHF is once again approaching this line. Can we expect a bullish trend to follow?
