EURCHF: Important Breakout & Bearish Forecast 🇪🇺🇨🇭

Short

Euro / Swiss Franc (OANDA:EURCHF)

Updated

OANDA:EURCHF Euro / Swiss Franc

Support and Resistance Head and Shoulders Elliott Wave forecast swing swingtrading swingtrader swingtrade swingsetup EURCHF euro swissfranc

supportandresistance headandshoulders elliottwaves forecast swing swingtrading swingtrader swingtrade swingsetup eurchf euro swissfranc

snapshot

EURCHF is trading in a long-term bearish trend.
After a retracement from a new structure low the price formed a big head and shoulders pattern on a daily.
This night bears managed to break its neckline.

I believe it will trigger a strong selling reaction.
Initial target - 1.0035

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