Technical Analysis EUR/CHF

EUR/CHF prices are currently trading bearishly on the hourly timeframe and are forming a price pattern known as a descending triangle. Currently, if the price declines and breaks below the lower side levels around 0.9740, and closes below it, there will be a strong selling opportunity with targets reaching 0.9700 as the first objective. However, if the price remains above these levels, an upward movement and an increase are more likely.