{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-chf-upside-reversal\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-chf-upside-reversal\/","headline":"EUR\/CHF Upside Reversal!","name":"EUR\/CHF Upside Reversal!","description":"EUR\/CHF moves sideways in the short term trying to accumulate more bullish energy before coming back higher. It\u2019s trapped within a minor triangle pattern, escaping from this formation could bring a great trading opportunity. The ECB and the Euro-zone manufacturing and services data could bring high action on this pair during the week. The pressure […]","datePublished":"2021-07-21","dateModified":"2021-07-21","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/eurchf.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/eurchf.png","height":887,"width":1828},"url":"https:\/\/forexschoolonline.com\/eur-chf-upside-reversal\/","about":["EUR\/CHF"],"wordCount":215,"keywords":["EUR\/CHF","Forex","Trade Setup"],"articleBody":"EUR\/CHF moves sideways in the short term trying to accumulate more bullish energy before coming back higher. It\u2019s trapped within a minor triangle pattern, escaping from this formation could bring a great trading opportunity.The ECB and the Euro-zone manufacturing and services data could bring high action on this pair during the week. The pressure is still high, that\u2019s why we have to wait for confirmation before going long.Technical Analysis!EUR\/CHF confirmed the ascending pitchfork\u2019s lower median line (LML) as a dynamic support. Making a new higher high, to jump and close above 1.0868 could attract more buyers.In the short term, EUR\/CHF could climb towards the median line (ML) as long as it stays within the pitchfork\u2019s body. Technically, the bullish scenario could be invalidated by a breakdown through the lower median line (LML).EUR\/CHF could come back down to test and retest the support levels before jumping higher. Its failure to reach the minor downtrend line may signal a temporary decline. The price could retest the weekly pivot point of 1.0841 before jumping higher. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}