CHFEUR in doldrums but entry for bullish run coming

CHFEUR will get its push from the expected fall in the USD this week. The EUR holders will seek some safety here and this will tie in with an established pattern observed since May where the CHF against the EUR has been following a clear ascending channel as in the 2hr chart. Expectations are a confirmed bullish breakout at about 1.0687 as a start of a more significant rise to the high of 1.0857. From here will be the more significant resistance and retracement.
Chart PatternschfCHFEUREURTrend AnalysisDJ FXCM Index

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