The common European currency continues to surge against major currencies and the Swiss franc is no exception. The pair has continued the bullish movement since the last time Dukascopy research team reviewed the currency pair.
During the surge, the pair has reached a new high and has broken the previously mapped channel. Moreover, in the EUR/CHF chart, you can be observe a kings crown pattern.
Meanwhile, in regards to the future movement, the pair is likely to breach the dashed line, which is the support of the daily dominant channel. If and when this happens, it might find support at the weekly PP, combined with the 200 – hour SMA level 1.171.
