The EUR/CHFfailed once again to take out a major dynamic resistance and now could go down on the Daily chart.

Price dropped aggressively in the yesterday’s trading session, we had another false breakout above the upper median line (UML) of the major ascending pitchfork and above the median line (ml) of the minor ascending pitchfork. Could drop much deeper in the upcoming days because looks too overbought to climb much higher on the Daily chart at this moment.

Could approach the 1.1000 level in the upcoming days and the lower median line (lml) of the minor ascending pitchfork.Only a breakdown from the minor ascending pitchfork’s body will confirm a larger drop.

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