EURCHF November 15th, 2023

EURCHF rate has been in a bearish trend since March 2021, forming a descending trendline resistance. This week, the pair breakout of this trendline, which had been in place since the start of the 37-month decline. This technical development suggests that the EURCHF could be on the verge of a long-term trend reversal from bearish to bullish.