Should we expect a bearish trend on EURCHF?

Past performance is not an indicator of future results.
The breakout of EURCHF through the 1.1177 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of EURCHF to test 1.1156 within the next 17 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.