Currently, EUR/CHF is trading at 1.0554. After starting a downtrend on 26 March, the price has now formed a descending triangle pattern. As the price is about to touch the support level , it may rebound back after touching the support level . If it breaks resistance level at 1.0584, then the pair may come into an uptrend and then its first target will be at 1.0608.
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Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.