I think you draw it wrong. Of course it could be a channel, but what is more important are the horizontal levels of S/R. We have support at 1,2063 and heavy around 1,2050 and resistance around 1,2090 for the moment. If it breaks 1,2050 then we will ...

Interesting....the last days when NY opened eur/chf goes down with higher volume, every day the same procedure...

Yep, they try every day to close the daily candle (bid) below 50 (red line) and 30 (green line) SMA...

My expectations drawn in chart...

Break to the upside? — It's actually looking quite interesting on the daily timeframe... Till now 30 SMA (green) held every day, but yesterdays candle (nearly a bullish hammer) closed above. Now if the 50 SMA (red) also breaks there would be ...

4hr chart, circled area around 1,3185 should be nice resistance...

4hr timeframe - red circled space (see below) could be a good place for entering short... We got 30 and 50 SMA very closely together as resistance and down trend line...

this was a very nice breakout of a triangle...little pullback and continuation... i think next target will be 111,30 ..then 110,75