EUR/CHF continues to fall after the recent reversal from the upper resistance trendline of the 4-hour Flag chart pattern that was earlier identified by Autochartist – as can be seen from the following trade alert for this currency pair. EUR/CHF is expected to break this Flag and then to fall to the target level 1.2172 in the next 3 trading days. Autochartist set the stop-level for this forecast at 1.2219 (point B). This point formed recently when the pair reversed down from the resistance zone surrounding the resistance level 1.2250.
As you can see from the following Volatility Analysis chart for EUR/CHF, the lower boundary of the daily Expected Price Range calculated for this currency pair (1.2171) nearly coincides with the target level given in the above trade alert – which adds to the probability EUR/CHF will continue to fall toward 1.2172 tomorrow.