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Either a rebound or a breakout imminent on EUR/CHF

Either a rebound or a breakout imminent on EUR/CHF

EUR/CHF is heading towards the support line of a Channel Down. If this movement continues, the price of EUR/CHF could test 0.9514 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past. Supported by Downward sloping Moving Average

Chart 4 hour
Pattern Channel Down
Length 45 Candles
Identified 25-Aug-2022 12:00 UTC