Chart Art: Potential Reversal for EUR/CHF?

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EUR/CHF is sporting a possible Double Bottom!

Will this lead to be pair reversing in the next couple of days?

Let’s take a look at the daily chart for clues:

EUR/CHF Daily Forex

EUR/CHF Daily Forex Chart

I don’t know if you’ve noticed, but EUR/CHF found support from the .9525 area not once, but TWICE in the last month.

Thing is, the two bounces also formed a Double Bottom pattern on the daily time frame with the .9630 area serving as “neckline.”

Is EUR/CHF ready for a bullish reversal?

The pair still has a couple of pips to go before testing its neckline so y’all still have time to whip up trading plans if you’re planning on trading the pattern.

A clear breakout above the Pivot Point resistance that we’re watching opens EUR/CHF to a move to the .9750 area of interest if not the .9800 major psychological handle.

Not convinced that EUR/CHF can see enough bullish pressure to sustain a reversal?

You can also look for a rejection at the .9630 neckline and Pivot Point area for possible short opportunities.

A clear bounce lower from the resistance zone could drag EUR/CHF back to its .9525 lows or even new monthly lows in the next few days.

Watch this one closely, yo!

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