The EUR/CHF pair has broken below a key resistance zone, suggesting a downward trajectory.
Recent price action shows the pair reversing from the resistance area around 0.92500, which has acted as a barrier since early April, as well as from the upper daily Bollinger Band and the 61.8% Fibonacci retracement of the August downtrend.
This reversal halted the earlier C‑wave of the ABC correction that began in March, reinforcing the prevailing downtrend.
With a strong daily bearish trend and negative euro sentiment, the EUR/CHF is likely to slide toward the next support level near 0.9150.
