Quotes of the currency pair euro franc EURCHF able this week to test the area of formation of the right shoulder and is already trying to fall. As you can see from the daily chart of EUR CHF There is a potential for a serious fall within mining forex head and shoulders patterns, target of the fall can be a region at a level below 1.05.
Forecast EUR/CHF for the week 16 — 20 May, 2016
Cancellation option will be a strong growth of euro quotations francs above the level of 1.13. The immediate goal of the fall of the current trading week 16.05.2016 – 20.05.2016 the area below the 1.0850 level, aggressively trying to increase sales volume is only after the price breaks the level of the neckline.
Thus, Forecast EUR/CHF for the week 16 — 20 May, 2016 suggests an attempt to drop a pound euro quotations within start working out the model’s head and shoulders with a view on the level of 1.0850.