EURCHF is showing short term strength approaching News and is possibly overextended and due for a pullback. The shorter timeframe is displaying a Triangular pattern indicating a compression of volatility caused by uncertainty. The larger timeframe exhibits a Head & Shoulders pattern which is a reversal pattern so could signify an end to the longer term EURCHF bearish run. There is a bearish divergence on the MACD indicator on the 4 hour chart suggesting a decrease in momentum on the shorter timeframes.