EURCHF – Lower lows looks like a descending triangle formation
![](https://www.orbex.com/blog/wp-content/uploads/2019/03/EURCHF-1-750x430.png)
Monthly: The previous resistance at 1.1199 (February 2016) acted as support. The cross has now consolidated for the last 6 months
Weekly: The mixed and volatile trading looks to have formed a bearish descending triangle pattern. Trend of lower lows is seen at 1.1426. We are close to a Demark exhaustion count. A break of support at 1.1180 and the measured move target is seen at 1.0875